Jordan Times
Sunday, November 6, 2005
Central Bank raises key
interest rates
AMMAN (Petra) — The Central Bank of Jordan (CBJ) will raise key interest rates
on different financial instruments by 25 basis points from Sunday.
CBJ Governor Umayya Touqan announced that interest rates on repurchase
agreements for a week will go up to 7.25 per cent annually from 7.00 per cent
while the rediscount interest rate will become 6.25 per cent annually, up from
6.00 per cent.
The deposit rate on the Jordanian dinar will rise to 4.25 instead of 4.00 per
cent. According to the CBJ governor, the decision to raise interest rates was
taken to counter the growing inflation in light of the increase in cash
liquidity levels and the aggregate demand.