Risks to Oman’s financial stability are well-contained, says central bank
Published 15 Dec,2020 via Muscat Daily - The potential risks posed by the COVID-19 pandemic and weak oil prices to the sultanate’s financial stability are well-contained, according to the Central Bank of Oman (CBO).
The CBO on Tuesday released the eighth issue of its Financial Stability Report (FSR).
The FSR 2020 indicated that the risks to the financial stability in the sultanate remained on the expected trajectory during 2019 and the confidence of market participants in the Omani financial system stayed high. The report also signified that the risks elevated in 2020 due to the economic and financial impact created by the COVID-19 pandemic.
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