FX.co ★ Oman's M2 Money Supply Growth Eases to 15.2% in February 2024

The Central Bank of Oman reported a slight deceleration in the M2 money supply growth for the month of February 2024. The latest figures indicate that the M2 money supply increased by 15.2% year-over-year. This is a decrease from the 15.8% growth observed in January 2024 when compared to the same month the previous year. The new data was made available on 22 May 2024.

The reduced growth rate suggests a conservative trend in the liquidity available within Oman's economy as compared to the previous month. Financial analysts are closely monitoring this shift, which could signal changes in monetary policy, demand for credit, and overall economic stability.

As the M2 money supply includes cash, checking deposits, and easily convertible near money, this deceleration may reflect cautious economic activities or regulatory adjustments aimed at controlling inflation and promoting sustainable financial practices in Oman. Further updates and analysis will be pivotal in understanding the broader economic implications of this trend.