Bank of Jamaica reduces interest rates on CDs


Jamaica Observer: “Bank of Jamaica reduces interest rates on CDs”

Effective Thursday, 17 September, 2009 the rates offered on Certificates of Deposit issued by Bank of Jamaica will be reduced by 100 basis points. The six-month benchmark rate will therefore move from 18 per cent per annum to 17 per cent.


Jamaica Observer: “Risk of a double-dip recession?”

The opinion of most market players globally is that the global economy seems to be showing signs of stabilisation and recovery, as coined in the term “green shoots”.


Jamaica Observer: “Regional economy grew an average 4.1 % over past six decades -ECLAC report”

The Latin America and the Caribbean economy grew an average 4.1 per cent from 1950-2008, while its average annual inflation rate from 1970-2008 reached 15.4 per cent.

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