13 Hrs
Source:
الرؤية
U.S. Interest Rates Hike 25bps
Oman's Sultanate has raised bank interest rates, as investors await the U.S. interest rate decision, which increased by 25 basis points. This comes amid the impact of a cold front affecting the weather over the past three days, as well as Oman’s international movements, including His Majesty Sultan’s visit to Botswana and the issuance of multiple Royal Decrees. The interest rate hike aims to stabilize the economy amid growing expectations of the season’s first tropical cyclone in the Arabian Sea.
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