AMMAN, June 16 (Xinhua) -- The Central Bank of Jordan on Thursday decided to raise the interest rates on various monetary policy instruments by 50 basis points starting June 19, state-run Petra news agency reported.

       The decision taken by the central bank's open market operations committee aims to achieve monetary stability and increase deposits in the kingdom, according to the report.

       The decision was made to address pressures amid rising global inflation and in line with interest rates changes on regional and global financial markets, the bank said.

       Jordan now has 17.5 billion U.S. dollars in foreign currency reserves, enough to finance imports for 9.1 months, it added.

       The central bank said it would continue to monitor local, regional, and global economic developments, and stands ready to act proactively to support monetary stability.