The Central Bank of Jordan lowered its benchmark interest rate by 25bps to 4.00 percent during its October meeting, aiming at support growth. The move came in after the US Federal Reserve slashed rates by a quarter of a percentage point.

Interest Rate in Jordan averaged 5.87 percent from 1965 until 2019, reaching an all time high of 9 percent in August of 1998 and a record low of 2.50 percent in June of 2003. This page provides the latest reported value for - Jordan Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Interest Rate in Jordan is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Jordan to stand at 4.00 in 12 months time. In the long-term, the Jordan Interest Rate is projected to trend around 4.25 percent in 2020, according to our econometric models.

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Jordan Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.00 4.00 9.00 2.50 1965 - 2019 percent Daily

Jordan Interest Rate
In Jordan, interest rate decisions are taken by the Central Bank of Jordan. Since February of 2015, the official interest rate is the CBJ Main Rate. Until February of 2015, the official interest rate was the re-discount rate.

Jordan Money Last Previous Highest Lowest Unit
Interest Rate 4.00 4.00 9.00 2.50 percent [+]
Interbank Rate 3.40 3.40 8.92 0.71 percent [+]
Money Supply M1 10252.60 10286.80 10587.30 1539.20 JOD Million [+]
Money Supply M2 34801.80 34907.30 34907.30 4484.70 JOD Million [+]
Foreign Exchange Reserves 12069.00 11668.40 13793.86 1536.19 JOD Million [+]
Loans to Private Sector 25692.00 25739.10 25739.10 5055.60 JOD Million [+]
Deposit Interest Rate 4.90 4.95 8.51 2.41 percent [+]
Central Bank Balance Sheet 13258.70 13267.70 15272.62 4246.50 JOD Million [+]
Banks Balance Sheet 52850.80 52554.10 52850.80 14248.80 JOD Million [+]