The Central Bank of Jordan on Friday cut its benchmark overnight deposit rate by 50 basis points to 2.5% in a bid to avert a bout of deflation.
Umayya Toukan, the governor of the central bank, said the action came "in light of negative domestic inflation rates and future expectations of international interest rates to maintain their prevailing low levels in the medium-term." Consumer prices in the country dipped by 0.9% in the first ten months of the year.
Toukan also said a recent review of ban
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