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Stability in interest rates - BOJ

The Bank of  Jamaica has released information showing indicative interest rates have remained stable this year.  

This was revealed in the results of  the latest Treasury Bill auction. 

     

At the end of  the auction on Wednesday, bidding closed with an average yield of  8.22 percent on the benchmark, six month Treasury Bill.  

That was a slight change from 8.25 percent at the start of  the year.  

Lenders often use the six month Treasury Bill yield as a base for setting interest rates, since it's the lowest rate investors indicate they are willing to lend money to the government. 

 

Meanwhile, the BOJ says its losses have climbed to more than a billion dollars.  

The Central Bank's losses as at July 9 amounted to J$1 billion and J$50 million. That was up from J$930 million on June 25.    

 



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