AMMAN — In a panel discussion at the
Public Policy Forum, Adel Al-Sharkas, the governor of the
Central Bank ofJordan (CBJ), clarified that the decision to defer loan installments is up to
the banks and the Central Bank has no involvement in this matter.
اضافة اعلان
However, Sharkas warned against loan
deferral, saying it is unhealthy and creates fictitious liquidity, adding that
the monthly value of deferral ranges from JD200 to JD240 million.
The monthly value of deferral ranges from JD200 to JD240 million.
Sharkas revealed that the percentage
of overdue loan payments currently stands at 4.6 percent, which is considered
low, and 84 percent of them are covered by delinquency reserves.
Inflation rate and growthHe added that the
CBJ expects the
inflation rate in Jordan to reach 3 percent in 2023 and 2024, while the bank
predicts growth of up to 2.7 percent in both years.
The central bank expects the inflation rate in Jordan to reach 3 percent in 2023 and 2024, while the bank predicts growth of up to 2.7 percent in both years.
Sharkas also commented on the
government's measures during the COVID-19 pandemic, which he said reduced the
inflation rates by approximately 1.6 percent. The central bank's measures
contributed by 0.6% percent, he added.
Regarding funding windows that
support vital sectors with reduced interest rates, Sharkas commented that they
yielded positive outcomes and can be expanded.
The bank, he said, will not withdraw
from offering them.
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