The Bank of Jamaica will be floating another 30-day 6.25% per annum fixed rate 28-day Certificate of Deposit on Wednesday morning.
The aim is to mop up $46 billion in liquidity in order to contain inflation as well as to stabilise the dollar.
Some $43.7 billion of this amount will be subject to competitive bidding, while $2.3 billion will be subject to non-competitive bidding.
The instrument matures on March 7 and is taxable at a rate of 25%. The minimum subscription is $100,000.
comments powered by Disqus
.jpg)
All feeds
