Government officials, investors, analysts and corporate executives are waiting to see if the Bank of Jamaica will reduce the benchmark rate from 6.25 per cent per annum to 6.00% per annum on Friday.
The island's commercial banks have yet to respond to the BOJ's recent rate cut of 75 basis points, despite the flat-lining of the economy during the first and second quarters and the steep decline during the third quarter.
The Federal Reserve Board - the US central bank - slashed its benchmark rates by 25 basis points and stressed that there will only be two more cuts next year.
comments powered by Disqus
All feeds
