The Bank of Jamaica (BOJ) says it has now absorbed $145.5 billion in liquidity from the financial system as a part of efforts to stabilise the Jamaican dollar.
This follows Wednesday's auction of another 6% per annum certificate of deposit, the central bank's main tool for mopping up excess cash in circulation.
A total of 284 bids, worth $47.9 billion, were submitted by financial institutions and individuals from both the public and private sectors.
However, the BOJ accepted only 184 bids, totalling $31.5 billion it targeted to withdraw from the market.
It accepted bids carrying an average interest rate of 5.95% per annum, with a lowest at 5% for $47 million and the highest at 8.15% for $500 million.
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