The Bank of Jamaica is reporting that during the April to June quarter, market interest rates fell marginally, reversing the trend since March last year.
This was influenced by a decline in the cost of funds in the private repo market.
There was also a decline in the average yields on Treasury Bills.
The domestic bond market remained dormant during the three months.
With regard to Treasury Bills, the fall in yields, though still elevated,reflected the impact of a slower pace of depreciation in the exchange rate, relative to the previous quarter, as well as an improvement in short-term inflation expectations.
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Interest rates are falling
