BoJ mulls adjustment to cash reserve policy, says JMA


Jamaica Gleaner: “BoJ mulls adjustment to cash reserve policy, says JMA”
Bank of Jamaica (BoJ) governor Derick Latibeaudiere has signalled that he might bend on policy with a half a percentage point cut in the reserve of cash that bankers are required to park at the BoJ, if the banks are willing to compromise by cutting loan rates, according to the Jamaica Manufacturers’ Association (JMA).


Jamaica Observer: “World stocks surge after G-20 pledge to fight recession”
NEW YORK, USA (AFP) – World stocks shot higher yesterday amid greater optimism following a G-20 summit pledge to boost efforts to fight recession and a US accounting change that could ease pressure on the banking system.

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