Egypt cenbank cuts reserve requirement on depositsEgypt's central bank cut its reserve requirement on local currency deposits to 12 per cent from 14 per cent on Tuesday, in a move to provide banks with more cash to lend to the government and business. The go More… |
Oman raises bank reserve requirementOman's central bank has raised the reserve requirement for the commercial banking sector to 8 per cent from 5 per cent, Oman's state news agency said. The rise is the third in almost a year. Oman tightened bank lending restric More… |