House speaker calls for session on recent interest rate reduction

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Home Jordan News House speaker calls for session on recent interest rate reduction 26-08-2019 12:33 PM Ammon News - AMMONNEWS - Speaker of the House of Representatives Atef Tarawneh Monday called on the House's Economy and Investment Committee and the Financial Committee to convene with specialists to study the Central Bank of Jordan's (CBJ) recent decision to lower the bank's benchmark interest rate. The two committees are expected to hold an open meeting on Tuesday at 2:00 pm with a number of specialists and concerned bodies. CBJ had decided to reduce the benchmark interest rate on all monetary policy instruments by 25 basis points as of August 4th. The decision came in line with the Central Bank's statement to keep up-to-date with the developments of interest rates in the global and regional financial markets, and with the aim of boosting the growth of credit granted to economic sectors, and stimulate domestic spending.

Home Jordan News

House speaker calls for session on recent interest rate reduction

26-08-2019 12:33 PM

Ammon News - AMMONNEWS - Speaker of the House of Representatives Atef Tarawneh Monday called on the House's Economy and Investment Committee and the Financial Committee to convene with specialists to study the Central Bank of Jordan's (CBJ) recent decision to lower the bank's benchmark interest rate.

The two committees are expected to hold an open meeting on Tuesday at 2:00 pm with a number of specialists and concerned bodies.

CBJ had decided to reduce the benchmark interest rate on all monetary policy instruments by 25 basis points as of August 4th.

The decision came in line with the Central Bank's statement to keep up-to-date with the developments of interest rates in the global and regional financial markets, and with the aim of boosting the growth of credit granted to economic sectors, and stimulate domestic spending.

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