Jordan's interest rates on the move

The Central Bank of Jordan (CBJ) governor, Umayya Touqan, announced on Sunday 6 November that interest rates on repurchase agreements for a week would be raised by 25 basis points to 7.25 per cent annually, while the rediscount interest rate increased to 6.25 per cent annually, up from 6 per cent.

According to the CBJ governor, the decision to raise interest rates was taken to counter the growing inflation in light of the increase in cash liquidity levels and the aggregate demand.

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