04.03.2010 - Oman Cbank to keep rates low, sees bank credit up
From Arabianbusiness.com: Oman will keep interest rates close to zero for the foreseeable future to prevent a further surge of liquidity into the Gulf country's banking system, the oil producer's central bank head said on Wednesday. The Gulf sultanate has been keeping the rate it uses for draining excess liquidity from the market at around 0.04 percent at its weekly auctions of deposit certificates, near the lower end of the US benchmark rate range..............................................Full Article: Source
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