2021-01-06

Added · Updated

Central Bank of Jordan Circular on Extending Interest Rate Freeze

The Central Bank of Jordan extends the prohibition on banks raising interest rates until the central bank changes interest rates in the future. This directive applies to all banks operating in the Kingdom, including those that adopted the interbank lending rate of 1.9% in May 2020. The extension replaces the previous deadline of the end of 2020 established in Circular No. 4872/1/27.

Central Bank of Jordan logo

Jordan

Central Bank of Jordan

Click to view full text