Jun 01 2011 |
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Jordan: Central Bank raises interest rate
AMMAN (JT) - Central Bank of Jordan (CBJ) Governor Faris Sharaf on Tuesday raised the CBJ key interest rate by 25 basis points.In accordance with the decision, effective from today, the overnight deposit window rate will go up to 2.25 per cent from 2 per cent and the repurchase agreement rate will become 4.25 per cent up from 4 per cent.
Also, the rediscount rate will go up to 4.5 per cent from 4.25 per cent.
The CBJ will continue to closely monitor financial and economic developments and take appropriate action, the statement added.
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