Monday, Feb 06, 2012
(This story was originally published Snday.)
AMMAN (Zawya Dow Jones)--The Central Bank of Jordan said it has raised a key interest rate by 50 basis points to 2.75% to bolster monitory stability and attraction to the local currency.
The central bank has decided to raise the interest rate to 2.75%, from 2.25%, the bank said in a statement late Saturday. It also raised the purchase price to 4.75% from 4.25% and the discount price to 5% from 4.50%.
In light of the central bank's continuous follow up of local, regional and international economic changes and their influence on the Jordanian economy, the bank decided to raise the interest rate, it said.
The last time the bank increased interest rates was in June 2011, when it raised it to 2.25% from 2%.
-By Hassan Hafidh; Dow Jones Newswires; +962 799 831 831; hassan.hafidh@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
06-02-12 0401GMT
