Central Bank decides to continue fixing interest rates on its monetary policy instruments ( title)
The Open Market Operations Committee at the Central Bank of Jordan decided, in its first meeting of this year, to keep the interest rates of monetary policy instruments at their current level without change, according to a statement by the bank on Thursday.
The committee confirmed in the statement, the continuation of the central bank’s follow-up of the developments related to the performance of the national economy, the global economic developments, and the directions of the central banks in light of the decline in the intensity of global inflationary pressures on the one hand, and the state of uncertainty as a result of the geopolitical developments in the region on the other hand.
The committee also confirmed its confidence in the stability of the national economy environment, and its ability to continue the momentum of the positive performance that it showed during 2023 despite the prevailing conditions in the region.
The latest available economic data indicate an increase in the foreign reserves of the central bank to 18.2 billion dollars currently, which is sufficient to cover the kingdom’s imports of goods and services for 7.9 months, according to the statement.
It drew attention to the increase in deposits with banks by 1.6 billion dinars during 2023, and a growth rate of 3.9% to reach 43.7 billion dinars, supported by the Increase in credit facilities in dinars granted by banks by about one billion dinars, and a growth of 3.5%.
Meanwhile, the latest financial stability indicators confirm the solidity of the Jordanian banking system and its resilience.
The high growth of tourism income, which exceeded expectations in the first three quarters of 2023, enabled the tourism income to record a growth of 27.4% and reach an unprecedented historical level of 5.2 billion dinars in 2023.
Remittances of Jordanians working abroad also increased by 1.4% to reach 2.5 billion dinars during 2023.
The balanced economic policies, led by the monetary policy, contributed to curbing inflationary pressures, as the inflation rate reached 2.1% in 2023, which is half of its level recorded in 2022, at a time when the central bank’s estimates indicate the ability of the national economy to achieve a growth rate of 2.6% for 2023, rising by 0.2 percentage points from its level recorded in the previous year.
Central Bank decides to continue fixing interest rates on its monetary policy instruments ( title)
The Open Market Operations Committee at the Central Bank of Jordan decided, in its first meeting of this year, to keep the interest rates of monetary policy instruments at their current level without change, according to a statement by the bank on Thursday.
The committee confirmed in the statement, the continuation of the central bank’s follow-up of the developments related to the performance of the national economy, the global economic developments, and the directions of the central banks in light of the decline in the intensity of global inflationary pressures on the one hand, and the state of uncertainty as a result of the geopolitical developments in the region on the other hand.
The committee also confirmed its confidence in the stability of the national economy environment, and its ability to continue the momentum of the positive performance that it showed during 2023 despite the prevailing conditions in the region.
The latest available economic data indicate an increase in the foreign reserves of the central bank to 18.2 billion dollars currently, which is sufficient to cover the kingdom’s imports of goods and services for 7.9 months, according to the statement.
It drew attention to the increase in deposits with banks by 1.6 billion dinars during 2023, and a growth rate of 3.9% to reach 43.7 billion dinars, supported by the Increase in credit facilities in dinars granted by banks by about one billion dinars, and a growth of 3.5%.
Meanwhile, the latest financial stability indicators confirm the solidity of the Jordanian banking system and its resilience.
The high growth of tourism income, which exceeded expectations in the first three quarters of 2023, enabled the tourism income to record a growth of 27.4% and reach an unprecedented historical level of 5.2 billion dinars in 2023.
Remittances of Jordanians working abroad also increased by 1.4% to reach 2.5 billion dinars during 2023.
The balanced economic policies, led by the monetary policy, contributed to curbing inflationary pressures, as the inflation rate reached 2.1% in 2023, which is half of its level recorded in 2022, at a time when the central bank’s estimates indicate the ability of the national economy to achieve a growth rate of 2.6% for 2023, rising by 0.2 percentage points from its level recorded in the previous year.
Central Bank decides to continue fixing interest rates on its monetary policy instruments ( title)
The Open Market Operations Committee at the Central Bank of Jordan decided, in its first meeting of this year, to keep the interest rates of monetary policy instruments at their current level without change, according to a statement by the bank on Thursday.
The committee confirmed in the statement, the continuation of the central bank’s follow-up of the developments related to the performance of the national economy, the global economic developments, and the directions of the central banks in light of the decline in the intensity of global inflationary pressures on the one hand, and the state of uncertainty as a result of the geopolitical developments in the region on the other hand.
The committee also confirmed its confidence in the stability of the national economy environment, and its ability to continue the momentum of the positive performance that it showed during 2023 despite the prevailing conditions in the region.
The latest available economic data indicate an increase in the foreign reserves of the central bank to 18.2 billion dollars currently, which is sufficient to cover the kingdom’s imports of goods and services for 7.9 months, according to the statement.
It drew attention to the increase in deposits with banks by 1.6 billion dinars during 2023, and a growth rate of 3.9% to reach 43.7 billion dinars, supported by the Increase in credit facilities in dinars granted by banks by about one billion dinars, and a growth of 3.5%.
Meanwhile, the latest financial stability indicators confirm the solidity of the Jordanian banking system and its resilience.
The high growth of tourism income, which exceeded expectations in the first three quarters of 2023, enabled the tourism income to record a growth of 27.4% and reach an unprecedented historical level of 5.2 billion dinars in 2023.
Remittances of Jordanians working abroad also increased by 1.4% to reach 2.5 billion dinars during 2023.
The balanced economic policies, led by the monetary policy, contributed to curbing inflationary pressures, as the inflation rate reached 2.1% in 2023, which is half of its level recorded in 2022, at a time when the central bank’s estimates indicate the ability of the national economy to achieve a growth rate of 2.6% for 2023, rising by 0.2 percentage points from its level recorded in the previous year.
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Central Bank decides to continue fixing interest rates on its monetary policy instruments
 
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