Central Bank of Jordan Keeps Interest Rates Unchanged - Jordan News
The Open Market Operations Committee of the Central Bank of Jordan decided on Thursday to maintain interest rates on all monetary policy instruments at their current levels. The decision follows a comprehensive assessment of domestic economic, monetary, and financial developments, as well as regional and global economic trends. اضافة اعلان Indicators point to strong monetary stability in the Kingdom, supported by record-high foreign reserves at the Central Bank, which exceeded $22.8 billion at the end of April 2025—enough to cover 8.8 months of Jordan's imports of goods and services. Inflation remained low and stable at 2% during the first quarter of this year, with expectations of a slight increase to around 2.2% for the full year of 2025. In the banking sector, data revealed continued strength, with customer deposits growing by 6.8% year-on-year to approximately JOD 47.4 billion by the end of March 2025. Credit facilities granted by banks also rose by 3.9% year-on-year, reaching about JOD 35.2 billion. The external sector continued its positive performance. Tourism revenues increased by 8.9% in Q1 2025, reaching roughly $1.7 billion compared to the same period last year. Worker remittances rose by 2.0% during the first two months of 2025, totaling around $606 million. Total exports grew by 9.2% over the same period, reaching a value of $2.0 billion. Preliminary estimates by the Central Bank indicate that foreign direct investment (FDI) inflows reached approximately $2.1 billion in 2024, reflecting investor confidence and the attractiveness of Jordan's investment climate. The national economy grew by 2.5% in 2024, with growth expected to rise to 2.7% in 2025, driven by improved domestic and external demand.
The Central Bank of Jordan reaffirmed its commitment to closely monitoring economic, monetary, and financial developments both locally and internationally, and to taking all necessary measures to maintain monetary and financial stability and to keep inflationary pressures within acceptable limits.
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