AMMAN — The Central Bank of Jordan
(CBJ) on Thursday raised all its benchmark monetary policy rates by 25 basis
points, to come into effect on February 5, 2023, the Jordan News Agency, Petra,
reported.
اضافة اعلان
In a statement, the bank's Open Market
Operations Committee said that the decision was made following an extensive
discussion on economic, monetary, and banking developments in the Kingdom, and
a review of economic performance predictions for the current year and the
latest developments in the global and regional economies.
The committee also discussed the measures
of other central banks to restrain inflationary pressures and predictions for
the trends of global and regional interest rates during the current year.
The Central Bank of Jordan (CBJ) on Thursday raised all its benchmark monetary policy rates by 25 basis points, to come into effect on February 5, 2023, the Jordan News Agency, Petra, reported.
The committee decided to keep interest
rates unchanged on a JD1.4 billion
CBJ-sponsored refinancing program, which
targets 10 sectors. The rates on this program will remain at 1.0 percent for
Amman-based businesses and 0.5 percent for borrowers in the rest of the
Kingdom.
Furthermore, the committee decided to
extend another JD700 million credit line targeting small and medium companies,
professionals, and craftsmen through April 2023 at an interest rate not
exceeding 2 percent for a period of 54 months, including a grace period of up
to 12 months.
The CBJ is committed to preserving the
Kingdom's monetary stability and the Jordanian dinar's appeal as a savings
instrument, in addition to supporting productive economic sectors, which are
closely linked to other national economic sectors that have a high added value,
through its JD1.4 billion refinancing program, according to the committee.
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