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BOJ reports moderated growth in loans and advances for July to September

The Bank of Jamaica has reported that growth in private sector loans and advances moderated during the July to September quarter relative to the previous three months. 
 
Loans and advances by deposit-taking institutions expanded by 12.2 per cent at September. 
 
This was below the growth of 13.3 per cent as at June.
 
The Central Bank says the growth was underpinned by expansions in loans and advances of 15.7 per cent and 9.6 per cent to the productive sector and individuals, respectively.
 
Growth in loans to the productive sector was mainly linked to tourism.
 


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