The Open Market Operations Committee of the Central Bank of Jordan (CBJ) announced on Thursday that it has opted to keep interest rates on monetary policy instruments unchanged. The decision reflects the bank’s commitment to vigilantly monitor national economic performance, particularly focusing on monetary and banking indicators, according to reports from the Jordan News Agency, Petra.
The CBJ’s decision aligns with its ongoing scrutiny of global economic developments, financial and commodity market performances, and the monetary policy plans of regional and global central banks aimed at addressing inflation-related pressures.
Despite global economic challenges, the Jordanian economy has demonstrated resilience. Remittances from Jordanian expatriates increased by 1.1 percent to JD2.0 billion until the end of October. Furthermore, foreign direct investment inflows into the country rose to $776 million in the first half of 2023, representing a growth of 20.9 percent, as estimated by the Central Bank.
These positive indicators have contributed to the national economy’s real growth rate reaching 2.7 percent in the first half of 2023. Additionally, the inflation rate showed a decline, reaching 2.1 percent in the first 11 months of 2023. The Central Bank’s decision to maintain interest rates reflects a commitment to stability amid a complex global economic landscape.
