The Open Market Operations Committee of the Central Bank of Jordan (CBJ) decided today to maintain interest rates at their current levels.

During its fifth meeting of the year, the committee reviewed the economic and monetary developments in the Kingdom.

Foreign reserves at the Central Bank of Jordan remain high, currently standing at USD 18.9 billion, sufficient to cover the Kingdom’s imports of goods and services for 8.2 months. The latest financial stability indicators, as of the end of 2023, show that operating banks maintain strength, liquidity, and resilience.

Inflation remained stable in Jordan in the first half of the year at a manageable rate of 1.7 percent, compared to 3.0 percent for the same period in 2023.

The Gross Domestic Product (GDP) grew by 2.0 percent in the first quarter of the current year compared to the same period last year.

Although tourism income decreased by 4.9 percent in the first half of 2024, it still reached USD 3.3 billion. Additionally, remittances from workers increased by 3.7 percent during the first five months of 2024, reaching USD 1.5 billion.

The Central Bank of Jordan reaffirmed its ongoing and diligent monitoring of local, regional, and global economic and monetary developments, as well as the actions of central banks regionally and internationally and their impacts on the national economy.