EPOC concerned about high interest rates despite reduction in debt

Chairman of the Economic Programme Oversight Committee, Keith Duncan has lauded the rapid reduction in Jamaica's debt, but warned that high interest rates pose concern.

His reflection highlights the reduction in debt since the initial rise during the pandemic and its estimated 27 per cent fall up to March.

Mr Duncan commended both political parties for stewarding the debt reduction since IMF arrangements following the 2009 financial crisis.

Annual inflation continues to trend downwards, ending February at 7 point 8 per cent relative to 8 point 1 per cent in January this year.