Robinson pointed out that the Bank of Jamaica’s (BOJ) key policy interest rate which influences the interest rates charged by commercial banks on loans and credit facilities has been on a downward trend. He cited that since August 2024, the central bank has consecutively lowered its rate by a total of 100 basis points or one per cent, bringing it to six per cent.

Story link:
https://www.loopnews.com/content/robinson-proposes-competitive-bidding-for-banks-under-pnp-government/