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"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."
Posted by Maudib in June 2010.
Now, where are we today? Last year people were jumping up bout vote put the green man and tun up di ting. One claffy, Mosiah to be exact went on a campaign to get rid of Bruce, to put in what? Portia. Again, where are we today? The only conculsion we can get from all this is that most of you are willing to suffer under a PNP gov't than see Jamaica prosper under a JLP gov't. Good morning Karl.
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."
Posted by Maudib in June 2010.
Now, where are we today? Last year people were jumping up bout vote put the green man and tun up di ting. One claffy, Mosiah to be exact went on a campaign to get rid of Bruce, to put in what? Portia. Again, where are we today? The only conculsion we can get from all this is that most of you are willing to suffer under a PNP gov't than see Jamaica prosper under a JLP gov't. Good morning Karl.
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