Ammon News - The Open Market Operations Committee of the Central Bank of Jordan (CBJ) on Thursday decided to reduce interest rates on all monetary policy instruments by 50 basis points, effective from Sunday, September 22, 2024.

This decision comes after the end of the monetary tightening cycle implemented by the bank since the end of March 2022, like other central banks in the region and the world, with the aim of maintaining monetary stability, especially the attractiveness of the Jordanian dinar against other currencies, and containing the inflationary pressures that accompanied the recovery phase from the repercussions of the Corona pandemic.