The Impact of Monetary Policy on the Volume of Deposits for the Omani Banking Sector, 2003-2023

This research aims to examine the impact of monetary policy on deposit volume in the Omani banking sector during the period from 2003 to 2023. Quantitative analytical methods were used to assess the relationship between monetary policy tools such as interest rates, reserve requirements, bank credit, and deposit volume. The results showed a statistically significant positive effect of lowering the interest rate on increasing deposit volume, while reserve requirements and bank credit were found to have no significant impact on deposit volume. The study recommended the development of flexible monetary policies to stimulate savings and enhance the stability of the Omani banking sector.