Interest Rates Up 0.25%, Effective Sunday, June 18th

AMMAN —AlGhad— The respective Central Bank of Jordan (CBJ) committee on open market operations has decided to increase interest rates on fiscal and monetary instruments by 0.25 per cent, effective next Sunday, 18th of June, 2017.

Accordingly, the decision is intended to maintain the competitiveness of the liberated assets in local currency, and sustain a creditable supply of money at suitable interests.

The decision includes loan and credit instruments in the overall, with the exception of the loans extended via the SMEs funding programme, standing at 1 to 1.75 per cent.

(Petra)

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