Jordan’s central bank raised the main interest rates by 50 basis points in line with a move by the US Federal Reserve in the face of inflation at highs not seen in decades, a bank official said on Thursday.
For the latest headlines, follow our Google News channel online or via the app.
The move will take effect on Sunday after the end of a long Muslim Eid holiday. Jordan’s currency is pegged to the dollar.
Read more:
Jordan warns of ‘provocation’ in Jerusalem’s Al-Aqsa, Israel decries ‘incitement’
Jordan’s Prince Hamzah relinquishes royal title
Israeli president to visit Jordan in latest sign of closer ties: Officials
