Raising interest rates negatively affects Jordan industry — ACI

(File photo: Jordan News)
AMMAN — Director-General of the Amman Chamber of Industry (ACI) Nael Al-Husami said that raising interest rates negatively affects industry in the Kingdom, especially for small companies, Al-Mamlaka TV reported.اضافة اعلان

The lending arm of the Central Bank of Jordan plays a role in the development of small and medium industries, he said, noting that income instability among citizens negatively affects industry.

Meanwhile, inflation has had a positive impact on Jordan through increasing the export volumes, where the ACI exports increased by about 50 percent in the first 10 months of this year, Husami said.

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