Oman's central bank monetary policy settings are in line with current economic developments, Central Bank Executive President Hamood Sangour al-Zadjali said on Tuesday.
Asked if he thought that monetary policy was in line with economic fundamentals, he told reporters: "Yes, very much so. We try to maintain an easy monetary policy to help the development of the economy."
Oman lacks a fully independent monetary policy because its rial currency is pegged to the U.S. dollar. Its central bank has been keeping a loose policy stance since early 2009 as inflation slowed sharply from double-digit rates seen in 2008.
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