The Governor of the Central Bank of Jordan, Adel Al-Sharkas, expected that inflation rates would be recorded between 4 and 5 percent during the second half of this year, explaining that "global oil and food prices are the biggest influence on prices locally."
During a dialogue session organized by the Jordan Strategies Forum, the Circassians explained that "monetary stability is the goal and essence of the Central Bank's work, and forms the basis for the bank's contribution to economic growth." He pointed out that "the Central Bank has taken parallel measures to mitigate the impact of decisions to raise interest rates on individuals and companies, and to enhance economic activity in general."
He indicated that "the measures of the Central Bank contributed to ensuring a smooth transition to the stage of economic recovery from the repercussions of Corona." Considering that "the fixed exchange rate of the dinar against the dollar is a nominal pillar of monetary policy, and a pillar of monetary stability and macroeconomic stability."
He stressed that "fixing the amount of monthly installments for individual loans takes into account reducing the burden of paying loan installments and preserving their purchasing power, which contributes to revitalizing the economy."
Source (Al-Araby Al-Jadeed Newspaper, Edited)
