In a reaction to the Bank of Jamaica’s decision to increase the interest rate to 1 percentage point from 0.5% to 1.5, Economist, Ralston Hyman says this is a bad decision and believes Governor Byles and the entire policy team should be fired. He noted that the...
The BOJ Governor, Richard Byles has defended his team’s latest decision to increase interest rates by 1 percentage point. This despite coming under fire from several private sector groups in recent times, who consider the decision misguided. While speaking on...
Digital currency has been a major discussion in the Jamaican space recently as the Bank of Jamaica, (BOJ) seeks to explore this area. Addressing a virtual post-Cabinet press briefing on Wednesday, October 6, Minister of Education, Youth and Information, Fayval...
Opposition Spokesman on Finance, Julian Robinson has also taken issue with the decision of the Bank of Jamaica, (BOJ) to raise interest rates by one percentage point, as of October 1. Robinson insists the increase in interest rates will drive up borrowing costs for...
The Director General of the Planning Institute of Jamaica, (PIOJ), Dr. Wayne Henry says the latest increase in the Central Bank’s interest rate is unlikely to result in economic decline in the coming months. This as the Central Bank has come under fire for its...
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