The fight to keep inflation within an acceptable range persists, with Governor of the Bank of Jamaica, Richard Byles, conceding that the approach taken by the Central Bank thus far is the “lesser of two evils.” This acknowledgment comes as inflation rates...
Central Bank Governor, Acknowledges Challenges in Adoption of National Digital Wallet – Richard Byles, the Governor of the Central Bank, has addressed the current progress of the country’s digital wallet initiative, revealing that over two thousand...
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...
While the recovery of Jamaica’s economy from the COVID-19 pandemic has been well publicized, with an expected return to pre-covid levels projected for next year, what has been more difficult to contemplate has been the impact on life expectancy. Recently former...
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...
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