CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Jordanian central bank increases key interest rates by 25 basis points

06-01-2011 09:49 BJT

AMMAN, May 31 (Xinhua) -- The Central Bank of Jordan (CBJ) on Tuesday decided to increase key interest rates by 25 basis points in a bid to maintain monetary stability and create an appropriate climate to absorb the impact of inflation, a CBJ statement said.

The decision, which goes into effect as of June 1, entails increasing the deposit windows rate to 2.25 percent annually from current 2 percent.

It also entails increasing the repo rate to 4.25 percent annually from 4 percent currently and the rediscount rate from 4. 25 percent to 4.5 percent annually.

In the statement, CBJ Governor Sharif Fares Abdul Hamid Sharaf stressed the importance of preserving prudent monetary policy, adding that the CBJ will continue to monitor the main economic and financial changes at the local and international levels and take suitable steps in this regard.

The CBJ slashed the key interest rates by 50 basis points in February to spur the country's economy.

Related stories

 

Editor:Yang Jie |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program