Jordan cuts to boost growth


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 "The cuts are broadly in line with trends in international monetary policy. They were implement

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: