Jordan lowers interest rates
Published September 20th, 2007
Jordan has lowered key interest rates by 50 basis points, reported Jordan Times. The rediscount rate has dropped to 7%, the repurchase agreement rate is now at 6.75%, and the overnight deposit window rate was cut to 4.75%. Central Bank of Jordan Governor Umayya Touqan said the move was in line with the country's flexible fiscal policy and will help maintain its conducive investment environment. [AMEInfo.com]
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