CBJ maintains rates amid global economic fluctuations

Central Bank of Jordan. (File photo: Jordan News)
AMMAN – On Thursday, the Open Market Operations Committee of the Central Bank of Jordan (CBJ) decided to maintain the current level of interest rates for monetary policy tools. Despite global economic fluctuations and geopolitical uncertainties in the region, the committee remains confident in the stability of the national economic environment.اضافة اعلان

Foreign reserves have reached $18.2 billion, covering 7.9 months of the Kingdom’s imports, reflecting economic resilience. Bank deposits increased by JD1.6 billion in 2023, supported by credit facility growth. The banking system remains robust, with strong financial resilience indicators, Al-Mamlaka TV reported.

Tourist income surged by 27.4 percent in 2023, reaching JD5.2 billion, while remittances from Jordanians abroad rose by 1.4 percent to JD 2.5 billion. Balanced economic policies, particularly monetary measures, have helped curb inflation to 2.1 percent in 2023, with the economy projected to grow by 2.6 percent, up 0.2 percentage points from the previous year.

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