not a bag ah talk..
"The US team took note of the improvement in Jamaica's macro- economy following the Jamaica debt exchange, including the recent cut in the Bank of Jamaica interest rates to 9.0per cent, and the appreciation of the Jamaican dollar against the US dollar.
Coincidentally, leading US investment bank JP Morgan, in a note to clients on Friday by analyst Neeraj Arora, observed :
"The appreciation of the Jamaican dollar (+ 4.7 per cent ytd) in the face of falling interest rates indicates increasing confidence among local players of a post-debt exchange macro environment of relatively low inflation, declining nominal interest rates, and a stable currency. Separately, the BOJ also mentioned that Net International Reserves currently stand at US$1.75 billion, which is above the benchmark set under the IMF SBA for end-June."
Drivah (and 1/3rd) .... don't stap atall !
Run ovah toe.. foot if yuh have tuh.. dem can get free treatment a KPH..
"The US team took note of the improvement in Jamaica's macro- economy following the Jamaica debt exchange, including the recent cut in the Bank of Jamaica interest rates to 9.0per cent, and the appreciation of the Jamaican dollar against the US dollar.
Coincidentally, leading US investment bank JP Morgan, in a note to clients on Friday by analyst Neeraj Arora, observed :
"The appreciation of the Jamaican dollar (+ 4.7 per cent ytd) in the face of falling interest rates indicates increasing confidence among local players of a post-debt exchange macro environment of relatively low inflation, declining nominal interest rates, and a stable currency. Separately, the BOJ also mentioned that Net International Reserves currently stand at US$1.75 billion, which is above the benchmark set under the IMF SBA for end-June."
Drivah (and 1/3rd) .... don't stap atall !
Run ovah toe.. foot if yuh have tuh.. dem can get free treatment a KPH..
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