MUSCAT — Certificates of deposit (Issue No 802) tender was held at the Central Bank of Oman (CBO) last week. The total amount allotted was RO 153 million. The average interest rate of these certificates was 0.11 per cent while the maximum accepted interest rate was 0.12 per cent. The tenor of these certificates is 28 days and their maturity date is on February 27. The certificates of deposit issued to licensed banks by the CBO as a monetary policy instrument is aimed at absorbing excess liquidity at the banking sector. The Repo rate during January 30 to February 5 is 1 per cent. — ONA
