Jordan central bank cuts interest rates by 50 bps

Posted by 7Star Sunday, April 19, 2009

Jordan's Central Bank on Saturday said it will cut its benchmark lending rates on Sunday by 50 basis points to boost liquidity and ensure banks extend cheap credit amid the global financial turmoil. The Central Bank of Jordan (CBJ) discount rate will drop to 5.25 percent and repo rate to 5.00 pct as of Sunday, April 19.

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