Effective January 23, 2023, Richard Byles Governor of the Bank of Jamaica will take the position of Chairman of the Financial Services Commission, (FSC). According to Finance Minister Dr Nigel Clarke, he is not firm in the belief of a complete turnover of boards...
Economic and Financial Analyst Ralston Hyman says consumers could see increased inflation in food prices during the Christmas season. He says the inflation could rise from the 9.5 % recorded in October this year as a result of the recent...
The Bank of Jamaica (BOJ) says while the economy is doing well, it is expected to worsen, before the damage of the COVID-19 pandemic, and the brewing war between Russia and Ukraine, can subside, and return our economy to pre-covid levels. At a digital press conference...
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...
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