Following the Fed’s 25 bps interest rate hike, Jordan central bank will increase all its benchmark monetary policy rates by 25 bps starting March 26, according to the state-run Petra news agency. This move aims to control inflationary pressures, as the inflation rate in the country touched 4.2% YoY in 2022. Separately, Iraq’s inflation rate accelerated to 7.2% YoY in January, up from 4.13% in the previous month.