The Central Bank of Oman lowered its repo rate by 25 basis points to 5.00% in December 2024, aligning with the US Federal Reserve's latest easing move. The Omani rial is pegged to the US dollar.
The decision follows the established framework in which Gulf dollar-pegged central banks adjust domestic rates in tandem with Federal Reserve decisions to preserve exchange-rate stability.
The CBO's December cut was in line with moves by other GCC central banks.
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