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No change in interest cap on personal loans
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Tahir bin Salim al Amri, executive president of the Central Bank of Oman (CBO) said in a statement that the monetary condition in the Sultanate is stable and that there is a close follow up of the relevant developments to ensure balance between maintaining prices at the local economy at acceptable levels and stimulating continuous growth of the economic activities.
He said there are no intentions to change the interest cap on personal loans by the local banks and added that the policies adopted by CBO take into consideration the future outlook by focusing on putting in place the stability fundamental that ensures having an efficient banking sector and a stable monetary policy.