The Private Sector Organisation of Jamaica, PSOJ, is upping the ante in its ongoing broadside against the central bank’s aggressive monetary policy stance, citing what the umbrella business group says is a double whammy of rising interest rates scaring off investments, while also pushing up government debt.

“There is a slowdown in lending, particularly to businesses, because of the increase in the policy rate,” said Theodore Mitchell, a member of the PSOJ’s economic policy committee.

http://cmslocal.gleanerjm.com/article/business/20220603/psoj-doubles-down-rate-hike-objections