Central Bank of Jordan Increases Key Interest Rates

The Central Bank of Jordan raised the interest rate on its various monetary policy instruments by 25 basis points. The Central Bank of Jordan’s main interest rate increased to 4%.

The CBJ said in a statement “the decision meant to maintain monetary and financial stability of the Kingdom of Jordan and to promote the competitiveness of the Jordanian Dinar denominated-assets by maintaining the interest rate structure at an appropriate level consistent with the recent trends and developments in the global and regional interest rates.”