BOJ cuts rates again – Benchmark now at 18%

Jamaica Gleaner: “BOJ cuts rates again – Benchmark now at 18%”

The Bank of Jamaica has sliced another percentage point off its five open market instruments, in anticipation that the downward trend for inflation will continue and that the foreign exchange markets will remain stabilise.

Jamaica Observer: “Creating a reward system for economic progress”

Over the past few weeks, Jamaica has been grappling with the issues of a credit rating downgrade, a fragile fiscal situation, and a reported 3.9 per cent decline in the economy.