Jordan Daily – The Central Bank of Jordan (CBJ) has decided to reduce interest rates on all monetary policy instruments by 50 basis points, effective Sunday, September 22, 2024.
The decision follows the conclusion of a monetary tightening cycle, which the central bank had implemented since the end of March 2022, in line with other central banks in the region and globally.
The aim was to maintain monetary stability, particularly the attractiveness of the Jordanian dinar against other currencies, and to contain inflationary pressures that accompanied the recovery from the effects of the COVID-19 pandemic.
