The decision to raise interest rates on all monetary policy instruments by 25 basis points took effect today, Monday, following a decision by the Open Market Operations Committee at the Central Bank of Jordan. The Central Bank stated in a release that the decision aligns with its primary objective of maintaining monetary stability and enhancing the attractiveness of the Jordanian Dinar and the competitiveness of Dinar-denominated assets by aligning local interest rates with prevailing trends in regional and international financial markets. The decision comes in light of the committee's review of key economic, monetary, and financial developments locally, regionally, and internationally, alongside monetary policy trends among central banks and measures taken to address rising inflationary pressures. Domestically, the Kingdom's inflation rate reached 2.20% during the first eight months of 2026, compared to 1.86% during the same period last year. Latest indicators point to the strength of monetary and banking conditions in the Kingdom and the ongoing recovery of economic indicators, as tourism revenue grew by 2.9% during the first eight months of the year to reach approximately $5.6 billion, driven by noticeable improvement over the last three months, which saw an average growth of around 17%. Expatriate worker remittances also maintained their strong performance, registering a growth of 14.1% during the first seven months of the year to reach approximately $3 billion. National exports rose by 7.2% during the same period, reaching a value of $6.6 billion. The Central Bank reaffirmed its commitment to monitoring economic and monetary developments, evaluating their impact on the national economy, and taking necessary measures to maintain monetary and financial stability while strengthening the resilience of the national economy. Source: Rum News Agency
The decision to raise interest rates on all monetary policy instruments by 25 basis points took effect today, Monday, following a decision by the Open Market Operations Committee at the Central Bank of Jordan. The Central Bank stated in a release that the decision aligns with its primary objective of maintaining monetary stability and enhancing the attractiveness of the Jordanian Dinar and the competitiveness of Dinar-denominated assets by aligning local interest rates with prevailing trends in regional and international financial markets. The decision comes in light of the committee's review of key economic, monetary, and financial developments locally, regionally, and internationally, alongside monetary policy trends among central banks and measures taken to address rising inflationary pressures. Domestically, the Kingdom's inflation rate reached 2.20% during the first eight months of 2026, compared to 1.86% during the same period last year. Latest indicators point to the strength of monetary and banking conditions in the Kingdom and the ongoing recovery of economic indicators, as tourism revenue grew by 2.9% during the first eight months of the year to reach approximately $5.6 billion, driven by noticeable improvement over the last three months, which saw an average growth of around 17%. Expatriate worker remittances also maintained their strong performance, registering a growth of 14.1% during the first seven months of the year to reach approximately $3 billion. National exports rose by 7.2% during the same period, reaching a value of $6.6 billion. The Central Bank reaffirmed its commitment to monitoring economic and monetary developments, evaluating their impact on the national economy, and taking necessary measures to maintain monetary and financial stability while strengthening the resilience of the national economy. Source: Rum News Agency
The decision to raise interest rates on all monetary policy instruments by 25 basis points took effect today, Monday, following a decision by the Open Market Operations Committee at the Central Bank of Jordan. The Central Bank stated in a release that the decision aligns with its primary objective of maintaining monetary stability and enhancing the attractiveness of the Jordanian Dinar and the competitiveness of Dinar-denominated assets by aligning local interest rates with prevailing trends in regional and international financial markets. The decision comes in light of the committee's review of key economic, monetary, and financial developments locally, regionally, and internationally, alongside monetary policy trends among central banks and measures taken to address rising inflationary pressures. Domestically, the Kingdom's inflation rate reached 2.20% during the first eight months of 2026, compared to 1.86% during the same period last year. Latest indicators point to the strength of monetary and banking conditions in the Kingdom and the ongoing recovery of economic indicators, as tourism revenue grew by 2.9% during the first eight months of the year to reach approximately $5.6 billion, driven by noticeable improvement over the last three months, which saw an average growth of around 17%. Expatriate worker remittances also maintained their strong performance, registering a growth of 14.1% during the first seven months of the year to reach approximately $3 billion. National exports rose by 7.2% during the same period, reaching a value of $6.6 billion. The Central Bank reaffirmed its commitment to monitoring economic and monetary developments, evaluating their impact on the national economy, and taking necessary measures to maintain monetary and financial stability while strengthening the resilience of the national economy. Source: Rum News Agency
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25 Basis Point Interest Rate Increase Takes Effect Today
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