The Planning Institute of Jamaica (PIOJ) is reporting that the financial sector suffered a further decline during the July to September quarter.
During the three months, the financial and insurance sectors contracted by two-point-eight percent.
The PIOJ says this was due to a reduction in net interest income of financial institutions partly reflecting the impact of the Jamaica Debt Exchange (JDX) programme.
The contraction was tempered by an increase in fees and commission income earned by the institutions.
During the three months, the financial and insurance sectors contracted by two-point-eight percent.
The PIOJ says this was due to a reduction in net interest income of financial institutions partly reflecting the impact of the Jamaica Debt Exchange (JDX) programme.
The contraction was tempered by an increase in fees and commission income earned by the institutions.
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