Finance Minister, Audley Shaw, has announced new lending rates to the Bank of Jamaica.

He says this should translate into lower loan rates from commercial banks to business clients.

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Minister Shaw says he expects further removal of fees banks charge on dormant accounts.

He’s responding to the recent removal of such fees by three of the country’s commercial banks.

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Audley Shaw was speaking during yesterday’s closing of the 2017-2018 Budget Debate in the House of Representatives.