MUSCAT: Broad money supply in the Sultanate of Oman rose by 6.4 per cent year-on-year to reach RO 26.4 billion by the end of November 2025.
The increase was driven by a 12.2 per cent rise in narrow money and a 4.1 per cent increase in quasi-money, which includes savings and time deposits in Rials Omani, certificates of deposit issued by banks, margin accounts and all foreign currency deposits held by the banking sector.
During the same period, currency in circulation increased by 1.9 per cent, while demand deposits rose by 14.1 per cent.
In terms of interest rates at conventional commercial banks, the weighted average rate on Rial Omani deposits declined from 2.733 per cent in November 2024 to 2.498 per cent in November 2025. Likewise, the weighted average interest rate on Rial Omani loans fell from 5.667 per cent to 5.446 per cent over the same period.
The average overnight interbank lending rate also decreased to 3.917 per cent in November 2025, compared with 4.563 per cent in November 2024.
This decline was mainly due to a reduction in the weighted average interest rate on repurchase agreements to 4.500 per cent, down from 5.308 per cent a year earlier, in line with US Federal Reserve policy. — ONA
Oman Observer is now on the WhatsApp channel. Click here
