Jamaica Observer: BOJ interest rate cut welcome, but much more needed
On Friday, the Bank of Jamaica (BOJ) reduced the interest rate it offers on its open market instruments by one per cent across the board. The new rates vary from between 16 per cent for its 30-day instrument, 16.5 per cent for its 60-day instrument, 19 per cent for its 90-day instrument, 19.2 per cent for its 120-day instrument, all the way up to 20.5 per cent for its key 180- day instrument.
Jamaica Observer: After the IMF, then what?
On Tuesday, July 21, what had been speculated, debated widely by many Jamaicans at home and abroad, and anticipated by some became a reality. After 13 years without one, the Jamaican government has decided to renew a borrowing relationship with the International Monetary Fund (IMF).