Jordan cuts rates for first time in four years
Central bank stresses country’s struggle with low inflation
The Central Bank of Jordan has cut its policy rate by 25 basis points to 4.5%, representing the central bank’s first cut in four years.
Its open market operations committee voted to cut the rate on August 1, the bank said in a statement. The cut reverses the policy rate to where it stood before December 2018, when the Central Bank of Jordan raised interest rates to 4.75%. Jordan has not seen a drop in rates since early 2015, after which the central bank has gradually raised rates from 2.5% to
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