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The BOJ finally reduced interest rates
After much anticipation, the Bank of Jamaica announced a slight reduction in its base interest rate.
The Central Bank announced on Tuesday that the policy rate will go from 7% to 6.75%, a decrease of 0.25 percentage points.
The BOJ began raising the rate in 2021 at the height of the COVID-19 pandemic and has held it at 7% for almost two years.
There have been
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