Oman c.bank cuts interest cap on personal loans to 6 pct -ONA | Reuters:
"Oman's central bank on Wednesday cut the ceiling on interest rates that commercial banks can charge on new personal loans to 6 percent from 7 percent, to ease the financial burden on borrowers in the sultanate, state news agency ONA reported.
"This decrease comes as part of a regular review that the bank does on personal loan rates through the continuous analysis and statistics of the sector indicators," ONA quoted the central bank board as saying.
"The board intends to make sure that the cost of debt in the local market is at levels that encourage savings and maintain stability in prices.""
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