BOJ Increases Interest Rates on CDs
Effective today (Dec. 1), the Bank of Jamaica has increased the rates of interest applicable to Certificates of Deposit (CD), in order to dampen high foreign exchange demand and calm the instability in the local financial market. The new rate are as follows: 30-day up to 17 per cent from 14 pr cent; 60-day is 17.50 per cent up from...


