The Open Market Operations Committee at the Central Bank of Jordan decided on Thursday to keep the main policy interest rate unchanged at 5.75%, while maintaining all other monetary policy rates at their current levels.
اضافة اعلان
The decision aligns with the Bank’s objective of preserving monetary and financial stability in the Kingdom, as well as maintaining alignment between domestic interest rate structures and prevailing rates in regional and international financial markets.
The committee reaffirmed the Central Bank’s continued close monitoring of global and regional economic developments, and its readiness to take proactive measures to strengthen the resilience of the national economy.
In this context, the precautionary package launched by the Bank at the beginning of April—valued at 760 million Jordanian dinars—is part of this approach and is supported by strong monetary and economic indicators. Chief among these are foreign currency reserves, which reached $26.8 billion by the end of March 2026, marking an increase of $1.3 billion compared to the end of last year.
These reserves are sufficient to cover the Kingdom’s imports for 9.4 months, exceeding the international adequacy benchmark by nearly three times, providing a strong buffer against external shocks.
At the same time, the dollarization rate declined significantly to 18.1% by the end of February 2026, compared to 18.8% during the same period last year—reflecting growing confidence in the national currency and the effectiveness of monetary policy. Inflation also remained low at 1.4% during the first quarter of the current year, supporting the competitiveness of the national economy and offering flexibility to address global price fluctuations.
These indicators are complemented by the strength and sound performance of the Jordanian banking sector, with regular stress tests confirming banks’ ability to operate efficiently while maintaining comfortable levels of liquidity, profitability, and capital adequacy.
On the macroeconomic front, indicators showed that tourism revenues reached approximately $1.65 billion in the first quarter of the current year. Remittances from Jordanians abroad increased by 12.7% in the first two months to reach $740 million, while national exports grew by 3% to $1.9 billion. Foreign direct investment also rose by 25.1% last year, reaching approximately $2 billion.
In light of these developments, 2025 witnessed continued gradual improvement in economic growth, which rose to 3% in the fourth quarter of 2025, compared to 2.6% in the same quarter of 2024—highlighting the Jordanian economy’s ability to maintain a stable and sustainable growth path despite regional and global economic challenges.
