Expectations of raising interest rates in Jordan

(File Photo: Ameer Khalefih/Jordan News)
AMMAN — Bankers and experts expect the Central Bank of Jordan to raise interest rates on the Jordanian dinar after the US Federal Reserve decided to raise interest rates on the US dollar on Wednesday, according to Khaberni.اضافة اعلان

The US central bank raised the key interest rate by 50 points, at a rate of 0.5%, in the largest increase in 22 years.

US central bank stated that inflation is still high, reflecting supply and demand imbalances related to the COVID epidemic and the rise in energy prices.

Jordanian dinar has been linked to the US dollar since 1995, while the decision to raise the expected interest in Jordan comes to preserve the attractiveness and stability of the dinar. 

The Central Bank of Jordan raised the interest rate by 0.25% earlier this year, after a similar decision by the US Central Bank.

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