Home Businessuite News24 Government Should Lower Jamaican Dollar Reserve Requirements To Facilitate Further Decreases In Interest Rates – Holness
Government Should Lower Jamaican Dollar Reserve Requirements To Facilitate Further Decreases In Interest Rates – Holness

Government Should Lower Jamaican Dollar Reserve Requirements To Facilitate Further Decreases In Interest Rates – Holness

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President of the Jamaica Bankers Association Nigel Holness, is proposing that the Government consider lower the Jamaican dollar reserve requirements to facilitate further decreases in interest rates. Mr. Holness argues that lowering of the reserve requirement would release much-needed Jamaican dollar liquidity into the lending pool for productive loans, thus having a direct impact on the cost of funds and would allow banks to offer lower interest rates to their customers.BM