Interest rate hikes take effect today
The Central Bank of Jordan has decided to implement a hike of 25 basis points across all monetary policy tools, aimed at maintaining price stability and enhancing the attractiveness of the Jordanian dinar. This move responds to developments in the local, regional, and global financial markets. The report indicated that inflation in the country reached 2.20% during the first eight months of 2026, compared to 1.86% in the same period last year. Tourism revenue increased by 2.9%, reaching $5.6 billion, while workers' remittances rose by 14.1% to approximately $3 billion. Additionally, exports grew by 7.2% to amount to $6.6 billion. The decision aims to improve the attractiveness of debt securities and strengthen the resilience of the national economy against inflationary pressures, with ongoing monitoring of economic developments and assessment of their impacts to ensure financial stability.
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