Central Bank of Jordan (CBJ) Governor Adel Sharkas Friday said that Jordan recorded relatively low inflation rates in 2022 and that the inflation rate is “moderate” compared to the rates prevailing globally.
Sharkas explained in an interview with the Jordanian TV “60 Minutes” that the International Monetary Fund (IMF) had raised its forecast for the economy’s performance to 2.7%, adding that the government’s measures cushioned the blow of inflation.
He noted that the government measures included fixing the prices of public transport fares, stocking the strategic food stocks and fixing fuel prices for several months.
He said that the banking system is “sound and solid” and that the credit rating at B1 proves the strength of the national economy, noting that Jordan recorded a 4.1% inflation rate from the beginning of this year until the end of October.
Sharkas said that it is expected that inflation would record a 4.3% inflation rate by the end of 2022, adding that the curve of inflation would decline in 2023 to 3.8%.
Source: Jordan News Agency