Governor of the Bank of Jamaica, BOJ, Richard Byles, announced during a morning media briefing a consistent decrease in the core inflation rate. According to him, the annual core inflation rate has been at 5.2 percent since July of this year and has demonstrated a...
The Bank of Jamaica is reassuring that the positive outlook for inflation this calendar year announced in its latest media briefing will not be changed due to drought conditions impacting sections of the country. The reality of drought conditions in sections of the...
Positive outlook this evening for the country’s economy, as the Bank of Jamaica Governor Richard Byles, says the indicators are positive and the country is on the path to economic growth. There however remain challenges including external shocks which may...
Despite a positive outlook for the country’s inflation, the Central Bank Governor is reporting elevated risks. As part of mechanisms to keep inflation in line with the four to 6 per cent targeted, the bank’s Monetary Policy Committee has decided to increase the...
Since the latest digital conference by the Bank of Jamaica, (BOJ) concerns have surfaced surrounding the possibility of a recession in Jamaica. The potential impact on the economy is related to several factors- including the ongoing conflict between Russia and...
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