Oman's Central Bank Governor Hamood Sangour Al-Zadjali said his country has no plans to lower its interest rates, becoming the third Gulf country with a dollar peg not to follow the recent rate cut by the US, reported Reuters. Of the five Gulf countries that peg their currencies to the dollar - Saudi Arabia, Bahrain, the UAE, Qatar and Oman - only the UAE and Qatar have cut interest rates. [AMEInfo.com]



Related Articles

Pak Oman launches brokerage

Bharat Oman plans $300m IPO

Oman tops salary poll

Qatar cuts interest rate

Oman committed to peg

Posted: 09|25|07 at 11:07 am. Filed under: News.