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 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...
Governor of the Bank of Jamaica, BOJ, Richard Byles, announced during a morning media briefing a consistent decrease in the core inflation rate. According to him, the annual core inflation rate has been at 5.2 percent since July of this year and has demonstrated a...
Bank of Jamaica (BoJ) Governor Richard Byles, does not believe the elevated levels of regulatory responsibility now vested in the Central Bank, as a result of assuming oversight of deposit-taking institutions and non-bank financial institutions will stymie the...
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