Jordan cuts to boost growth

cb-jordan

The Central Bank of Jordan on Saturday cut its key window facility rate, also known as the overnight deposit rate, by 50 basis points to 2% to stimulate the weak economy.

The central bank also chopped half a point of its repurchase agreement rate, taking it to 4%, and the rediscount rate, which dropped to 4.25%.

Omar Alzoubi, the central bank's executive director for research, told CentralBanking.com: "The cuts are broadly in line with trends in international monetary policy. They were implement

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