The Governor of the Bank of Jamaica (BOJ), Richard Byles, also provided an update concerning the Bank’s policy interest rate, which had been set at 7 percent as determined by the Monetary Policy Committee’s, MPC, decision on Friday. This policy interest rate pertains to the rate of interest paid on balances held in the current accounts of deposit-taking institutions at the Bank of Jamaica.
Governor Byles elaborated on the observations made by the MPC regarding the outcomes of prior monetary policy decisions. He further indicated that there is notable stability in the exchange rate, largely attributed to the BOJ’s strategic management of liquidity within the system. This has been achieved by offering securities to the market at appealing rates. Watch the report:Reporter: Kimberly Henry
For more stories, visit: Major Stories
JCF officer, Constable Lakarie Barrett, was charged for a 2022 off-duty shooting in Accompong, St.…
A policeman and a businessman were charged with kidnapping, robbery with aggravation, breaches of the…
A 17-year-old boy is facing charges for the stabbing murder of 20-year-old Akeilia White and…
In this update, murder accused Jolyan Silvera appeared in the Home Circuit Court on Tuesday,…
Founder of Hear the Children’s Cry, Betty-Ann Blaine, has died. News of the passing of…
Uproar in Ocho Rios, St. Ann, on Thursday as vendors aired their disapproval of the…