JCB holds interest rates steady

Central Bank of Jordan. (File photo: Jordan News)
AMMAN — The Open Market Operations Committee at the Central Bank of Jordan, in its sixth meeting of the year, decided to keep the interest rates of monetary policy instruments unchanged, Hala News reported.اضافة اعلان

The committee expressed confidence in the performance of the national economy, as indicated by the latest economic data. This includes foreign reserves at the Central Bank, which reached $17.5 billion, sufficient to cover the Kingdom's imports of goods and services for 7.7 months.

Bank deposits increased by 4.0 percent, equivalent to JD1.6 billion, in July 2023, reaching a total of JD42.8 billion. Similarly, credit facilities granted by banks increased by 4.7 percent, or 1.5 billion Jordanian Dinars, bringing the balance to JD33.4 billion. The latest financial resilience indicators also highlight the strength and stability of the Jordanian banking sector.

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