The Bank of Jamaica will be auctioning another 6.75% per annum fixed rate certificate of deposit on Wednesday between 9:30 and 10:45 a.m.
The move is aimed at mopping up $37 billion in liquidity to contain inflation and stabilise the exchange rate.
The central bank also says $35.15 billion of the $37 billion will be allocated on a competitive bidding basis, while $1.85 billion will be allocated on a non- competitive bidding basis.
The tenure of the instrument will be 28 days as it matures on January 17, 2025.
The interest on the instrument is subject to the 25% withholding tax and the minimum amount which can be purchased is $100,000.
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