MUSCAT : This increase has been attributed to a rise in narrow money by 12.2 percent, and a rise in quasi-money by 4.1 percent, which consists of the sum of savings and time deposits in Omani rials plus certificates of deposit issued by banks, in addition to margin accounts and all foreign currency deposits in the banking sector.
During the same period, cash in the public increased by 1.9 percent, while demand deposits saw an increase of 14.1 percent.
Regarding the interest rate structure of conventional commercial banks, the weighted average interest rate on Omani Rial deposits decreased from 2.733 percent in November 2024 to 2.498 percent in November 2025, and the weighted average interest rate on Omani Rial loans decreased from 5.667 percent to 5.446 percent during the same period.
The average interest rate in the overnight interbank lending market recorded a decrease of 3.917 percent in November 2025 compared to 4.563 percent in November 2024.
This came as a result of the weighted average interest rate on repurchase operations falling to 4.500 percent, compared to 5.308 percent during the same period in 2024, in line with the policies of the US Federal Reserve.
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