Central Bank: Interest Rates Remain Unchanged - Jordan News
The Open Market Operations Committee of the Central Bank of Jordan held its fourth meeting for the year 2025, during which it assessed local economic, monetary, and banking developments, as well as regional and international economic conditions and the potential impact of ongoing geopolitical tensions on the Jordanian economy. اضافة اعلان Based on its review, the committee decided to maintain the current interest rates on monetary policy instruments without any change. The committee emphasized the Central Bank's ongoing close monitoring of all developments and reaffirmed its commitment to applying monetary and banking policies and procedures that ensure monetary stability and the soundness of the banking sector, thereby supporting overall macroeconomic stability. Macroeconomic indicators reflected the strength and resilience of Jordan's economic and monetary performance. The Central Bank's foreign reserves stood at USD 22.8 billion at the end of May 2025, sufficient to cover 8.8 months of the Kingdom's imports of goods and services. Inflation rates were also contained, remaining close to 2% during the first five months of the year. Banking sector indicators also showed strength, with a solid capital base and high-quality investment portfolios. Total customer deposits rose by 6.8% year-on-year to reach JOD 47.3 billion by the end of April 2025. Credit facilities extended by banks also grew by 3.4% year-on-year, reaching approximately JOD 35.2 billion.
The external sector showed positive developments as well. Total exports recorded a significant growth of 11.6% in the first quarter of 2025, reaching USD 3.3 billion. Tourism revenue rose by 15.7% in the first five months of the year, totaling USD 3.1 billion. Additionally, remittances from Jordanians abroad increased by 3.0% in the first four months, amounting to USD 1.2 billion.
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