Latest news with #OpenMarketOperationsCommittee
Roya News
08-05-2025
- Business
- Roya News
Jordan Central Bank leaves interest rates unchanged
The Open Market Operations Committee of the Central Bank of Jordan (CBJ) decided during its third meeting of the year to keep interest rates on all monetary policy instruments unchanged. The main interest rate in Jordan stands at 6.5, according to the CBJ's website. The central bank said that current indicators reflect strong monetary stability in the Kingdom, supported by record-high foreign reserves, which reached USD 22.8 billion by the end of April 2025—enough to cover approximately 8.8 months of the country's imports of goods and services. The bank's report showed that inflation remained steady at 2.0 percent during the first quarter of 2025, with projections placing it around 2.2 percent for the full year. Banking sector indicators also showed robust performance. Customer deposits rose by 6.8 percent year-on-year to approximately JD 47.4 billion as of the end of March 2025, while credit facilities granted by banks grew by 3.9 percent to about JD 35.2 billion. In the external sector, the report noted that tourism revenues increased by 8.9 percent in Q1 2025, reaching USD 1.7 billion. Remittances from Jordanians abroad also rose by 2.0 percent in the first two months of the year, totaling around USD 606 million. Total exports grew by 9.2 percent over the same period, amounting to nearly USD 2.0 billion. Foreign direct investment (FDI) inflows to Jordan reached about USD 2.1 billion in 2024, reflecting investor confidence in the country's investment climate. Jordan's economy recorded 2.5 percent growth in 2024, with expectations of a rise to 2.7 percent in 2025, driven by improved domestic and external demand.
Jordan News
08-05-2025
- Business
- Jordan News
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.
Zawya
21-03-2025
- Business
- Zawya
Jordan: CBJ maintains interest rates amid positive economic indicators
AMMAN: The Open Market Operations Committee of the Central Bank of Jordan (CBJ) on Thursday held its second meeting of 2025, deciding to maintain interest rates of all monetary policy instruments at their current levels. The committee conducted an extensive review of local economic, monetary and financial developments while also assessing regional and global economic conditions. Available economic indicators stressed the strength of monetary stability and the resilience of the Jordanian banking sector, supported by a comfortable level of foreign reserves at the CBJ, which exceeded $21 billion by the end of February, the Jordan News Agency, Petra, reported. The data also showed that the inflation rate remained low at 2.2 per cent during the first two months of this year, with expectations of stability at the same level for the entire year, contributing to maintaining purchasing power and enhancing the competitiveness of the national economy. In the banking sector, the data indicated positive growth, reflecting the sector's strength and confidence in it. Customer deposits in banks grew by 6.8 per cent year-on-year to some JD47 billion by the end of January. Meanwhile, the balance of credit facilities granted by banks increased by 4.8 per cent to about JD35.1 billion. Regarding the external sector's performance, indicators continued to show positive improvement, with tourism revenues increasing by 16.3 per cent in the first two months of 2025 to about $1.3 billion compared with the same period last year. Remittances from Jordanians expatriatesincreased by 1.2 per cent in January to some $320 million. Total exports increased by 5.8 per cent last year, reaching a value of $13.3 billion. Preliminary estimates indicate that the volume of foreign direct investment inflows into the Kingdom reached about $1.6 billion in 2024, reflecting investor confidence and the attractiveness of the investment environment in the Kingdom. At the economic activity level, the GDP recorded a growth of 2.4 per cent during the first three quarters of 2024, with expectations of it stabilising around this rate for the entire year. A relative acceleration is expected to reach about 2.7 per cent during this year, driven by improved domestic and external demand, particularly investment-related demand, and the continued positive performance of various economic sectors. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan News
20-03-2025
- Business
- Jordan News
Central Bank Keeps Interest Rates Unchanged on All Monetary Policy Tools - Jordan News
The Open Market Operations Committee at the Central Bank of Jordan held its second meeting for 2025, where it decided to maintain the interest rates on all monetary policy tools at their current levels. اضافة اعلان The committee extensively discussed the economic, monetary, and financial developments domestically, as well as the updates on the regional and global economic environment. Available economic indicators confirm the strength of monetary stability and the resilience of Jordan's banking sector, supported by a comfortable level of foreign reserves at the Central Bank, which exceeded USD 21 billion by the end of February 2025. Data also showed that the inflation rate remained low at 2.2% during the first two months of this year, with expectations to stabilize at the same level for the entire year of 2025. This contributes to maintaining purchasing power and enhancing the competitiveness of the national economy. Regarding the banking sector, data showed positive growth reflecting its strength and public confidence. Customer deposits at banks grew by 6.8% year-on-year, reaching approximately 47 billion Jordanian dinars by the end of January 2025. Additionally, the balance of credit facilities provided by banks increased by 4.8% to around 35.1 billion dinars, highlighting the vital role of the banking sector in providing the necessary financing for economic activities, particularly investments that support sustainable economic growth. On the external sector front, the indicators continued their positive improvement. Tourism sector revenues increased by 16.3% during the first two months of 2025, reaching about USD 1.3 billion compared to the same period last year, indicating the recovery of this vital sector. Furthermore, remittances from workers abroad rose by 1.2% in January 2025, reaching about USD 320 million. In the same context, total exports increased by 5.8% in 2024, reaching a value of USD 13.3 billion. Preliminary estimates indicate that foreign direct investment flowing into the Kingdom reached approximately USD 1.6 billion in 2024, reflecting investor confidence and the attractiveness of the investment environment in the Kingdom. On the economic activity front, GDP growth recorded a rate of 2.4% during the first three quarters of 2024, with expectations for stabilization around this rate for the full year. A relative acceleration is expected, with growth reaching about 2.7% in 2025, driven by improvements in domestic and external demand, especially investment demand, and the continued positive performance of various economic sectors. The Central Bank of Jordan emphasized its ongoing commitment to monitoring economic, monetary, and financial developments both locally and internationally. The bank also affirmed its commitment to taking all necessary measures to maintain monetary and financial stability and to contain inflationary pressures within acceptable levels.
Jordan News
31-01-2025
- Business
- Jordan News
The Central Bank of Jordan Keeps Interest Rates Unchanged - Jordan News
Amman – The Open Market Operations Committee at the Central Bank of Jordan decided during its first meeting of the year to keep the interest rates on monetary policy instruments unchanged. اضافة اعلان This decision was made after a comprehensive evaluation of the latest economic, banking, and monetary developments in the Kingdom, as well as regional and global economic changes. The economic indicators reflect the strength and sound performance of the Jordanian banking sector, reinforcing the foundations of monetary stability, supported by a high level of foreign reserves at the Central Bank, which currently stands at $20.8 billion. This is sufficient to cover the Kingdom's imports of goods and services for 8.1 months. Inflation in the past year was recorded at 1.56%, reflecting a stable monetary environment that supports overall economic stability. Banking indicators continued to perform strongly, with deposits at banks increasing by JD 3 billion during the past year, marking a notable growth of 6.8% compared to 2023, bringing total deposits in banks to JD 46.7 billion. Credit facilities granted by banks also rose by JD 1.4 billion, a growth of 4.2%, bringing the total credit facilities to JD 34.8 billion, confirming the important role of the banking sector in financing economic and investment activities in the Kingdom. Despite the unstable regional conditions, external sector indicators showed positive and resilient performance. Remittances from workers abroad increased by 2.8% last year, reaching $3.6 billion, while tourism income totaled $7.2 billion, despite a 2.3% decline compared to 2023. The trade deficit also decreased by 1.4% during the first eleven months of the year, driven by a 5.2% increase in total exports during the same period. Foreign direct investment in the Kingdom for the first three quarters of the previous year reached about JD 906 million. The national economy achieved real growth of 2.4% during the same period last year, and it is expected to rise to 2.5% for the full year of 2024, according to Central Bank estimates. This performance reflects the ongoing recovery of the Jordanian economy, supported by sound monetary, economic policies, and government measures, along with a firm commitment to implementing structural reforms that enhance productivity, competitiveness, and the attractiveness of the national economy for investment. The Central Bank reaffirms its commitment to monitoring local, regional, and international economic, financial, and monetary developments, and will take appropriate measures to ensure monetary and financial stability in the Kingdom. It will continue its efforts to create an economic environment that supports sustainable financing, financial inclusion, digital transformation, and innovation, contributing to achieving the Kingdom's development goals and the targets of the Economic Modernization Vision.
