Certificates of deposit (CDs issue No. 786) tender was held at the Central Bank of Oman (CBO) this week.
The total amount allotted was RO136.5 million. A bulletin issued by the CBO stated that the average interest rate of these certificates was 0.07 per cent, while the maximum accepted interest rate was 0.07 per cent.
The tenor of these certificates is 28 days. The maturity date is October 31.
The certificates of deposit issued to licensed banks by the CBO as a monetary policy instrument. The repo rate from October 3 to 9 is 1 per cent.