Oman’s broad money supply grows 7.5% as interest rates shift - The Arabian Stories News
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Oman’s broad money supply grows 7.5% as interest rates shift - The Arabian Stories News
Muscat: The growth in M2 was driven by a 12% rise in narrow money and a marginal 0.6% increase in quasi-money. Quasi-money includes savings and time deposits in Omani riyals, certificates of deposit issued by banks, margin accounts, and all foreign currency deposits within the banking sector. Interestingly, while cash held by the public fell by 7.5% during the same period, demand deposits surged by 16.8%, indicating a shift towards more active f…
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