Amman, May 4, 2023 (Xinhua) – The Central Bank of Jordan announced today (Thursday) to raise interest rates on all monetary policy instruments of the bank by 25 basis points, as of next Sunday.
The bank said in a statement that the bank’s open market operations committee discussed the latest global economic developments and the pace of central banks’ move to counter inflationary pressures.
The committee affirmed its confidence and satisfaction with the developments related to the performance of the national economy and the positive performance of all monetary and banking indicators in the Kingdom during 2022 and the available period of 2023.
According to the statement, the committee decided to raise interest rates on all monetary policy tools of the central bank by 25 basis points, starting next Sunday.
It also decided to keep the interest rates for loans granted by banks within the “Central Bank Program for Refinancing Vital Economic Sectors” amounting to 1.4 billion dinars (a dinar is equivalent to 1.41 US dollars) unchanged at 1 percent for beneficiary projects within the Capital Governorate, and 0.5 percent for beneficiary projects. in the rest of the provinces.
The bank stated that this comes to maintain monetary stability in the Kingdom. He stressed that he will continue to follow closely all monetary, banking and economic developments, and take the necessary measures to ensure the strengthening of monetary, banking and financial stability in the Kingdom.
The Central Bank decided on March 23 to raise interest rates on all monetary policy tools of the bank by 25 basis points. /ts/
2023-05-04 17:34:45
#Central #Bank #Jordan #decides #raise #interest #rates #basis #points
