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Amman – Mohammed Al Dwairi
WASHINGTON (Reuters) – The world's attention will be raised Wednesday at a meeting of the US Federal Reserve, which is expected to announce a quarter-percentage point reduction in the dollar.
On the same day, the Open Market Committee will meet under the chairmanship of the Governor of the Central Bank of Jordan, Mr. Ziad Fariz.
It is expected that several countries in the region, led by Persian Gulf countries, will attend the same meeting to make a decision reflecting the decision of the US federal government.
According to the same sources, nothing prevents Jordan from reducing the dinar interest rate by the same amount, because its status (dinar) allows it.
The sources pointed out that the dinar was in a strong position reflecting positive monetary indicators.
However, sources said the decision to reduce interest rates on the dinar was subject to the commission's decision Wednesday, pointing out that it was not necessary for Jordan to cut rates interest on the dinar as long as the Fed would reduce interest rates, while waiting for the Jordanian central bank to follow the example of the Federal Reserve and that it will be in the interest of the Fed. it "does not reduce interest rates". Central Bank of Jordan "the same day the reserve will reduce interest rates on the dollar."
Informed sources confirmed the security of the Jordanian dinar and said that "the dinar is in a comfortable position", as reserves exceed 14.3 billion dollars.
The Central Bank of Jordan has reduced interest rates on instruments in dinar by a quarter point after the reduction of interest rates by the Fed the same amount in dollars, there are less two months.
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