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Central Bank of Jordan Holds Interest Rates Steady Amid Economic Monitoring

AMMAN — In a decision by the Open Market Operations Committee on Thursday, the Central Bank of Jordan (CBJ) has announced the maintenance of its current interest rates on monetary policy instruments.

According to Jordan News Agency, the decision comes after careful scrutiny of national economic performance indicators, banking statistics, and the influence of global economic events and central bank policies. This approach aims to mitigate inflationary pressures and manage regional geopolitical challenges. The confidence in the national economy’s trajectory was bolstered by data reflecting that the CBJ’s foreign reserves had reached a robust $17.5 billion at October’s end, providing a 7.8-month buffer for goods and services imports. Additionally, a notable rise in bank deposits was observed with a year-on-year increase of JD1.5 billion in September, totaling JD43.3 billion, marking a growth of 3.5 percent.

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