16/04/2018 07:46 AST

With regard to monetary aggregates at the end of January 2018, narrow money supply (Ml) registered a year-on-year (YoY) growth of 1.6 per cent to OMR5 billion.

Quasi-money (OMR saving and time deposits, certificates of deposit issued by banks, margin deposits and foreign currency denominated deposits) witnessed a higher growth of 5.9 per cent during the period, while broad money supply M2 (Ml plus quasi-money) stood at OMR16.3 billion at the end of January 2018 and grew by 4.5 per cent during the same period.

With respect to the domestic interest rate structure of conventional banks, the weighted average interest rate on OMR deposits increased to 1.667 per cent in January 2018 from 1.582 per cent a year ago, while the weighted average OMR lending rate increased to 5.210 per cent from 5.104 per cent during the same period.

The overnight OMR domestic inter-bank lending rate stood at 1.195 per cent in January 2018, much higher as compared to 0.370 per cent a year ago. The average Repo rate for liquidity injection by the Central Bank of Oman (CBO) stood at 2.060 per cent per annum in January 2018. The overall hardening of interest rates reflects some tightening of liquidity in the banking system.


Times of Oman

Ticker Price Volume
QNBK 195.00 241,526
APPC 53.30 133,976
JARIR 154.40 89,382
SAICO 11.92 520,367
SABIC 119.80 1,240,718
STC 84.50 76,808
CATERING 87.00 41,387
UAE-Kenya forum highlights investment

12/12/2018

Sharjah Chamber’s trade mission to Kenya concluded its visit as part of its African tour, where it organised the UAE - Kenya Trade and Investment Forum in Nairobi. The mission was organised by the Sh

The Gulf Today

Saudi Venture Capital signs MoU with US investor Tim Draper

12/12/2018

Saudi Venture Capital Company has signed a memorandum of understanding with American investor Tim Draper, one of the most important venture capital investors in the world, for the establishment of a

Trade Arabia

Saudi Venture Capital signs MoU with US investor Tim Draper

12/12/2018

Saudi Venture Capital Company has signed a memorandum of understanding with American investor Tim Draper, one of the most important venture capital investors in the world, for the establishment of a

Trade Arabia

Netherlands unveils Dubai Expo 2020 pavilion design

12/12/2018

A consortium, comprising Expomobilia, V8 Architects, Kossmann.dejong and Witteveen+Bos, has won the contract to design the Netherlands country pavilion for the mega Expo 2020 gala event in Dubai.

Trade Arabia

Energy park to spark new era of growth in Saudi Arabia

12/12/2018

Saudi Arabia’s economic diversification efforts and Vision 2030 received a huge boost with the launch of the first phase of the King Salman Energy Park (Spark) in the Eastern Province yesterday.

Trade Arabia