Economy Shrinks in June Quarter – PIOJ

Jamaica Observer: “Economy shrinks in June quarter — PIOJ”

THE Planning Institute of Jamaica (PIOJ) estimates that real GDP for the domestic economy during the June quarter contracted by 0.8 per cent relative to the corresponding period last year, with the goods-producing and services industry declining by 1.6 per cent and 0.9 per cent respectively.

Go-Jamaica: “BOJ cuts CD interest rate again”

The Bank of Jamaica (BOJ) has announced a further cut in the interest rate payable on its 30-day Certificate of Deposit. The Central Bank says the rate has been cut by 50 basis points to 8 per cent.