MUSCAT — Certificates of deposit tender was held at the Central Bank of Oman (CBO) last week. The total amount allotted for issue No 808 was RO 446.5 million. The average interest rate of these certificates was 0.13 per cent whilst the maximum accepted interest rate was 0.13 per cent. The tenor of these certificates is 28 days and their maturity date is on April 10. The certificates of deposit issued to licensed banks by the CBO as a monetary policy instrument aimed at absorbing excess liquidity at the banking sector. The Repo rate during March 13 to 19 is 1 per cent. — ONA
