CBJ moves to cut interest rates for first time since March 2020

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Home Business CBJ moves to cut interest rates for first time since March 2020 19-09-2024 09:46 AM Ammon News - The Central Bank of Jordan (CBJ) is moving to reduce interest rates on monetary policy instruments by 50 basis points, for the first time since March 16, 2020. This comes in light of his continuous and diligent follow-up of local, regional and global economic and monetary developments, the measures of global central banks, and their repercussions on the national economy. The cut comes after the US Federal Reserve (the US central bank) on Wednesday cut its interest rate for the first time since 2020, by 50 basis points. The US Federal Reserve is also heading towards a similar additional cut by the end of 2024, which will in turn be reflected locally.

Home Business

CBJ moves to cut interest rates for first time since March 2020

19-09-2024 09:46 AM

Ammon News - The Central Bank of Jordan (CBJ) is moving to reduce interest rates on monetary policy instruments by 50 basis points, for the first time since March 16, 2020.

This comes in light of his continuous and diligent follow-up of local, regional and global economic and monetary developments, the measures of global central banks, and their repercussions on the national economy.

The cut comes after the US Federal Reserve (the US central bank) on Wednesday cut its interest rate for the first time since 2020, by 50 basis points.

The US Federal Reserve is also heading towards a similar additional cut by the end of 2024, which will in turn be reflected locally.

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