{"id":27202,"date":"2012-02-07T12:02:00","date_gmt":"2012-02-07T17:02:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/02\/07\/central-bank-of-jordan-raises-rate-50bps-to-5-00\/"},"modified":"2012-02-07T12:02:00","modified_gmt":"2012-02-07T17:02:00","slug":"central-bank-of-jordan-raises-rate-50bps-to-5-00","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/02\/07\/central-bank-of-jordan-raises-rate-50bps-to-5-00\/","title":{"rendered":"Central Bank of Jordan Raises Rate 50bps to 5.00%"},"content":{"rendered":"<p><span>The&nbsp;<\/span><span><a href=\"http:\/\/www.cbj.gov.jo\/\" target=\"_blank\">Central Bank of Jordan<\/a>&nbsp;raised its key monetary policy interest rates by 50 basis points. &nbsp;The following rates were affected:&nbsp;<\/span><span>&nbsp;the overnight deposit window rate will go up to 2.75% from 2.25%,&nbsp;<\/span><span>the overnight repurchase agreement rate will increase to 4.75% from 4.25%, and&nbsp;<\/span><span>the rediscount rate will go up to 5.00% from 4.50%. &nbsp;The Bank said: &#8220;This action aims at supporting monetary stability by curbing expected inflationary pressures and ensuring a competitive return on the JD&#8217;s denominated assets; which would promote both domestic and foreign investment environment and support sustainable economic growth rates.&#8221;<\/span><\/p>\n<div><span><span><\/span><\/span><br \/><a name='more'><\/a><\/div>\n<div>\n<div><span><span><span>The Bank last <a href=\"http:\/\/www.centralbanknews.info\/2011\/06\/central-bank-of-jordan-raises-rate.html\">raised rates<\/a> 25 basis points in June last year, while it last lowered monetary policy interest rates by 50 basis points in&nbsp;February&nbsp;2010. &nbsp;According to the IMF the Jordanian economy grew by 4.1% in 2010, while inflation average inflation and annual inflation was 5.28% and 5.33% respectively, compared to 4.4% in 2011. &nbsp;Jordan&#8217;s currency, the Jordan Dinar (JOD), has traded close to the US dollar over the past year, with the USDJOD exchange rate last trading at 0.71<\/span><\/span><\/span><\/div>\n<p><span> <\/span><\/p>\n<div><\/div>\n<div><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/div>\n<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-9087500517065270913?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Central Bank of Jordan&nbsp;raised its key monetary policy interest rates by 50 basis points. &nbsp;The following rates were affected:&nbsp;&nbsp;the overnight deposit window rate will go up to 2.75% from 2.25%,&nbsp;the overnight repurchase agreement rate will increase to 4.75% from 4.25%, and&nbsp;the rediscount rate will go up to 5.00% from 4.50%. &nbsp;The Bank said: &#8220;This action &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/02\/07\/central-bank-of-jordan-raises-rate-50bps-to-5-00\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Central Bank of Jordan Raises Rate 50bps to 5.00%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-27202","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=27202"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27202\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=27202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=27202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=27202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}