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 5.88 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.
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.