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Jamaica Chamber of Commerce disappointed with BOJ's decision to raise interest rate

Another private sector group has expressed disagreement with the Bank of Jamaica's decision to raise the policy interest rate to 1.5 per cent.
 
The Jamaica Chamber of Commerce holds this position as it sees the current spike in inflation as temporary due to supply chain issues caused by the pandemic.
 
On Thursday, Dr. Adrian Stokes, a member of the Private Sector Organization of Jamaica's Economic Policy Committee, said the move was unwarranted as long term inflation analysis suggests the price rise will be short lived.
 


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