BoJ lowers interest rates

[Lazie]

Effective Friday, the Bank of Jamaica (BoJ) will be further slashing interest rates.
Rates applicable to the BoJ's open market instruments will be reduced by 200 basis points.
As a result, the benchmark six-month rate will move from 17% per annum to 15%.

In a statement on Thursday night the Central Bank said the positive trends in key economic indicators including inflation, balance of payments and the exchange rate are expected to be sustained over the medium term.
It says this outlook is underscored in the economic programme agreed with the International Monetary Fund (IMF).
The programme is underpinned by a package of policy measures geared towards fiscal and debt sustainability.

While the BoJ anticipates a temporary spike in inflation over the next three months arising from fiscal measures, the longer term outlook still points to a single digit increase in the average cost of living.
It added that the increased access to concessionary external financing that the Stand-By Agreement with the IMF will facilitate, will significantly enhance the ability of the BOJ to maintain market stability.

http://www.radiojamaica.com/content/view/23758/52/

[Hortical]

Dem on cue fi orders from the IMF. Cut interest rates, raise taxes and more to come?

[Assasin]

IMF run things. As mi say man a wait the agreement nuff nah go like it.

If we don't set realistic targets for ourselves other going to have to do it for us. No two ways about it.