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BOJ maintains 6% policy rate, lowers short-term lending rate for banks

Summary by Jamaica Gleaner
The Bank of Jamaica (BOJ) has lowered the cost of short-term borrowing for commercial banks. It also announced Thursday that it has maintained its six per cent policy rate, the benchmark interest rate that influences borrowing costs in the economy...
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Jamaica GleanerJamaica Gleaner

BOJ maintains 6% policy rate, lowers short-term lending rate for banks

The Bank of Jamaica (BOJ) has lowered the cost of short-term borrowing for commercial banks. It also announced Thursday that it has maintained its six per cent policy rate, the benchmark interest rate that influences borrowing costs in the economy...

·Jamaica
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Bank of JamaicaBank of Jamaica

Monetary Policy Press Release - March 2025 » Bank of Jamaica

BANK OF JAMAICA MAINTAINS THE POLICY RATE AT 6.00 PER CENT, REDUCES THE MARGIN FOR ITS OVERNIGHT LENDING FACILITY Bank of Jamaica’s (BOJ’s) Monetary Policy Committee (MPC), during its meetings on 25 and 26 March 2025, deliberated on the Bank’s monetary policy stance in the context of increased uncertainty relating to the economic policies of Jamaica’s main trading partners.The MPC determined that, in these circumstances, its policy stance contin…

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Bank of Jamaica broke the news in on Thursday, March 27, 2025.
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