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Jordan lowers interest rates

: Thursday, June 26 - 2014 @ 00:09

Jordan’s central bank has decided to lower the interest rates on key monetary policy tools by 50 basis points as of Wednesday, Jordan Times has reported. The decision was attributed to the continued improvement in the most basic variations of the national economy, besides expectations of an inflation rate remaining at a suitable level and the increasing attractiveness of savings tools in Jordanian dinar. According to the decision, the deposit window interest rate will drop by 50 basis points to 2.75% and the one week, or more, repurchase agreement rate will drop by 50 basis points to 3%, annually. However, the rediscount rate and the overnight repurchase agreement rate will remain unchanged at 4.25% and 4%, respectively.

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Thursday, June 26- 2014 @ 0:09 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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