AMMAN – The Open Market Operations
Committee at the Central Bank of Jordan decided on Thursday, to keep the
interest rates of monetary policy instruments unchanged at their current levels
without any changes.
اضافة اعلان
According to Al-Mamlaka TV, the committee
affirmed the central bank's continued close monitoring of the performance of
the national economy, as well as regional and international economic and
geopolitical developments in the region.
The committee extensively discussed the
indicators of the national economy's performance, based on the latest available
economic data for the year 2023. The data included foreign reserves for the
central bank, which reached $17.2 billion, covering Jordan's imports of goods
and services for 7.6 months. Deposits in banks increased by JD1.4 billion at
the end of October 2023, with a growth rate of 3.3 percent, reaching JD43.3
billion.
Credit facilities provided by banks
increased by about JD1.3 billion, with a growth of 4.6 percent. The committee
expressed confidence in the strength, safety, and prevention of the Jordanian
banking system, as reflected in the latest indicators of financial safety.
The committee also reviewed the
developments in the external sector in the Kingdom. Tourist income increased by
30.5 percent during the first eleven months of 2023. National goods exports
reached JD6.3 billion during the first three quarters of the current year.
Remittances from Jordanians working abroad increased by 1.1 percent, reaching
JD2.0 billion during the first ten months of the current year. At the same
time, foreign direct investment into Jordan increased by 20.9 percent during
the first half of the current year, reaching $776 million.
The national economy achieved
higher-than-expected growth, with a rate of 2.7 percent during the first half
of the current year, in addition to a decrease in the inflation rate to 2.1
percent during the first eleven months of 2023.
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