No interest rate cut for Oman

AME Info Middle East Finance & Economy
Oman: Tuesday,
September 25 - 2007
Source

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.