<On the other hand, the reduction in the contribution of manufacturing and agriculture to the nation's income -- from 12.5 per cent and 13.3 per cent of GDP, respectively, to 6.6 per cent and 8.6 per cent over the 50 years -- reflected the decline in competitiveness of those sectors.
Interestingly, the rate set by the Bank of Jamaica is now roughly the same as it was in 1962 -- 6.5 per cent. But commercial bank lending rates now average 17.4 per cent compared to 7.5 per cent 50 years ago
(not even going to post the rates under the great PJ)>
Read more: http://www.jamaicaobserver.com/busin...#ixzz22m02f5LW
Interestingly, the rate set by the Bank of Jamaica is now roughly the same as it was in 1962 -- 6.5 per cent. But commercial bank lending rates now average 17.4 per cent compared to 7.5 per cent 50 years ago
(not even going to post the rates under the great PJ)>
Read more: http://www.jamaicaobserver.com/busin...#ixzz22m02f5LW
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