The Central Bank of Jordan lowered its benchmark interest rate by 100bps to 2.50 percent on March 16th, aiming to support growth. The move followed the US Federal Reserve's rate cut by the same margin a day before.
Interest Rate in Jordan averaged 5.84 percent from 1965 until 2020, 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. Jordan Interest Rate - values, historical data and charts - was last updated on August of 2020.
Interest Rate in Jordan is expected to be 2.25 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 2.25 in 12 months time. In the long-term, the Jordan Interest Rate is projected to trend around 2.50 percent in 2021 and 3.00 percent in 2022, according to our econometric models.