Banks Won't Transfer Rate Hike to Existing Loans
The Jordan Banks Association announced that banks in the Kingdom will not pass on the increase decided by the Central Bank, which raised the interest rates on monetary policy tools by 25 basis points, to customer interest rates. It emphasized that this is part of maintaining banking sector stability and that the increase will not affect loan prices or banking costs.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)