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...
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 Bank of Jamaica says it is committed to maintaining a flexible exchange rate system after it came under public scrutiny about its ability to manage the Foreign Exchange Market. The Jamaican dollar dropped to an unprecedented low, trading at 142 dollars to 1 US....
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