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Jordan banks following lead after interest rate cuts
- Jordan: Wednesday, December 23 - 2009 at 10:06
Banks in Jordan are responding positively to the recent decision by the Central Bank of Jordan to lower key interest rates after two mid-sized banks cut their lending interest rates, Jordan Times has reported. 'If banks respond to the CBJ decision, this will encourage people to apply for credit facilities,' CBJ Deputy Governor Kholoud Saqqaf told the newspaper. The CBJ had announced on Thursday the deposit window interest rate would go down by 50 basis points to 2.5% and the repurchase agreement (repo) rate to 4.5%.
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StaffWednesday, December 23 - 2009 at 10:06 UAE local time (GMT+4)
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