Inside Bank of Jamaica
Monetary policy, exchange rates, and the numbers that move Jamaica’s economy.
Listen. Read. Understand.
Bank of JamaicaDeep DiveAuthorized BOJ podcastHosted by Huntley MedleyHuntley Medley and Dr. Wayne Robinson discuss the September rate increase and what inflation control means for loans, savings and the grocery bill.
Podcasts: Bank of Jamaica Deep Dive. News and analysis: WiredJA’s editorial coverage.
After holding firm in August, the Bank of Jamaica has raised its policy rate by 50 basis points, betting that dearer money today will spare Jamaicans a deeper price squeeze tomorrow. But for households still di…
44 stories in the archive
The Opposition finance spokesman used the debate on the Virtual Assets Service Providers Bill to say the central bank digital currency has failed by design. He called for the Bank of Jamaica to become the opera…
Read storyAfter holding firm in August, the Bank of Jamaica has raised its policy rate by 50 basis points, betting that dearer money today will spare Jamaicans a deeper price squeeze tomorrow. But for households still di…
Read storyA central bank's income statement records what its mandate cost, not how well it performed. Jamaica's business pages need a different scoreboard — and Jamaica's own law already supplies one. MONTEGO BAY, Septem…
Read storyTwo full percentage points now separate the benchmark rate from the prices it exists to suppress — leaving the exchange rate to do the work the policy rate is not. KINGSTON, Jamaica Wednesday, 19 August 2026 |B…
Read storyAfter seven years that carried Jamaica from a pandemic to an 11.8 per cent price spike and back inside the band, Richard Byles hands Bank of Jamaica to Dr. R. Brian Langrin — on rate-decision day. KINGSTON, Jam…
Read storyIn the last monetary policy decision of Richard Byles’s near seven-year governorship, the Bank of Jamaica held its benchmark rate at 5.50 per cent. The hold reads as caution; the data beneath it reads as warnin…
Read storyKINGSTON, Jamaica, June 12, 2026 : As Bank of Jamaica Governor Richard Byles bows out after almost seven years at the helm of the nation’s central bank, On Wednesday he gave a valedictory address to the Standin…
Read storyWith crude prices surging, inflation forecast to breach its target, and GDP growth fragile, the Bank of Jamaica's Monetary Policy Committee chose stability over manoeuvre — but the hard arithmetic for ordinary…
Read storyThe Bank of Jamaica is standing pat on interest rates, but do not mistake stillness for calm — rising commodity prices, hurricane-battered supply chains, and global uncertainty are converging on an economy with…
Read storySpeaking at the Caribbean CFO Conference, Bank of Jamaica Governor Richard Byles delivered a pointed message to the region's financial leadership: sustainable profitability demands risk discipline and governanc…
Read storyCentral bank trims benchmark rate to 5.50 per cent as inflation cools faster than expected — but warns that post-storm spending could yet rekindle price pressures. KINGSTON, JAMAICA — February 24, 2026 - Calvin…
Read storyJamaica's central bank defies post-hurricane economic gravity through disciplined monetary management The economic textbooks would have predicted collapse. A Category 5 hurricane inflicting damage exceeding 40…
Read storyBank of Jamaica reports slower holiday currency growth as spending patterns shift KINGSTON, Jamaica – December 24, 2025 – Jamaicans are carrying more cash this Christmas season, but the surge in holiday spendin…
Read storyCentral bank maintains steady hand on monetary policy while projecting inflation will breach target range by early 2026 Kingston, Jamaica – December 22, 2025 – The Bank of Jamaica announced this morning that it…
Read storyCentral bank bets on stability as Jamaicans brace for inflation surge following Hurricane Melissa's devastating blow KINGSTON, Jamaica, December 21, 2025 - On December 17, the Bank of Jamaica announced it would…
Read storyCentral bank commits US$210 million to stabilize foreign exchange market as inflation expected to spike The Bank of Jamaica (BOJ) has opted to hold its policy interest rate steady at 5.75 per cent while rolling…
Read storyCentral bank deploys emergency measures to support recovery while protecting Jamaicans from prolonged inflation The Bank of Jamaica is holding its benchmark interest rate at 5.75 percent and deploying special m…
Read storyKINGSTON, Jamaica – November 21, 2025 – The Bank of Jamaica intervened in the foreign exchange market for the third time on Friday, injecting another US$30 million in a continuing effort to stabilize the Jamaic…
Read storySeptember data reveals robust liquidity growth and strengthening external position MONTEGO BAY, Jamaica – October 8, 2025 – Jamaica's monetary base expanded by $11 billion in September, climbing to $427.5 billi…
Read storyCentral Bank maintains 5.75% policy rate despite inflation falling well below target range KINGSTON, Jamaica October 1, 2025 - – Despite headline inflation plummeting to just 1.2 per cent in August—well below t…
Read storyCentral bank maintains policy rate despite headline inflation far below target, citing temporary factors and future risks KINGSTON, Jamaica, Sept 30, 2025 - In a decision that might puzzle casual observers, the…
Read storyWhile Trinidad Drowns in Forex Crisis, Jamaica Shows How Central Banking Should Work MONTEGO BAY, August 21, 2025 - The message from Bank of Jamaica Governor Richard Byles today was crystal clear: stop panickin…
Read storyKINGSTON, Jamaica, July 1, 2025 - The Bank of Jamaica's top policymakers have decided to keep the country's key interest rate unchanged at 5.75% per annum, betting that their current strategy remains the right…
Read storyKINGSTON, Jamaica, May 22, 2025 - The Bank of Jamaica cut its benchmark interest rate by a quarter percentage point yesterday, a defensive move designed to shield the island's economy from the growing turbulenc…
Read storyKINGSTON, Jamaica March 27, 2025 - In a calculated move that signals confidence despite looming international economic uncertainties, the Bank of Jamaica (BOJ) has maintained its policy interest rate at 6.00 pe…
Read storyKINGSTON, Jamaica, November 21, 2024 - In a significant move signaling growing economic confidence, the Bank of Jamaica (BOJ) has cut its benchmark interest rate to a three-year low of 6.25 percent, marking a d…
Read storyKINGSTON, Jamaica October 1, 2024 - Bank of Jamaica’s (BOJ’s) Monetary Policy Committee (MPC), at its meetings on 26 and 27 September 2024, decided to: (i) reduce the policy rate by 25 basis points (bps) to 6.5…
Read storyKINGSTON, Jamaica April 3, 2024 - The Bank of Jamaica (BOJ) has issued new service-level standards as guidelines for the operation of Automated Banking Machines (ABMs) by deposit-taking institutions (DTIs) whic…
Read storyKINGSTON, Jamaica, February 22, 2023 - JIS - Bank of Jamaica (BOJ) Governor, Richard Byles, has projected that the country's real gross domestic product (GDP), will grow by two to three per cent for the financi…
Read storyKINGSTON, Jamaica December 21, 2023 - In the midst of fluctuating economic indicators, the Bank of Jamaica's Monetary Policy Committee (MPC) has taken a firm stand to uphold economic stability, as evidenced in…
Read storyKINGSTON, Jamaica –December 20, 2023 - Member of Parliament Fitz Jackson, a persistent advocate for consumer protection in Jamaica's banking sector, has once again raised his voice against the injustices faced…
Read storyThe Bank of Jamaica’s Monetary Policy Committee (MPC), at its meetings on 27 and 28 September 2023, unanimously agreed to maintain: (i) the policy interest rate (the rate offered to deposit-taking institutions…
Read storyKINGSTON, Jamaica, August 28, 2023 - There have been spirited responses to my recent statement on the potential threats to inflation at this time, particularly the reference to the possible effect on cost-push…
Read storyKINGSTON, Jamaica August 23, 2023 - Professor of Educational Policy, Planning, and Leadership at The University of the West Indies (UWI) Professor Canute Thompson, has taken BOJ Governor Ricvhard Byles to task,…
Read storyKINGSTON, Jamaica, August 18, 2023 - The Bank of Jamaica’s Monetary Policy Committee (MPC) says Jamaica’s inflation rate has trended downward over the last few months, placing the Jamaican economy in a much bet…
Read storyKINGSTON, Jamaica, August 18, 2023 - Bank of Jamaica’s Monetary Policy Committee (MPC), says it will be maintaining the policy interest rate at 7.0 per cent; the tight Jamaican dollar liquidity conditions and t…
Read storyKINGSTON, Jamaica, July 2023 - The Bank of Jamaica (BOJ) is reporting that Jamaica is experiencing an unprecedented period of economic and financial stability, which has been assisted by the success of the late…
Read storyKINGSTON, Jamaica – 22 May 2022 : The Jamaica Manufacturers and Exporters Association (JMEA) says the latest increase in interest rates by the Bank of Jamaica (BOJ) puts the Jamaican economy at risk for a reces…
Read storyKINGSTON, Jamaica, April 5, 2022 - The Bank of Jamaica (‘the Bank’) is taking a lead role in co-ordinating Jamaica’s migration from the Swift Message Type (MT) standard to the ISO 20022 – ‘Universal Financial I…
Read storyKINGSTON, February 2022 - The Bank of Jamaica (BOJ) remains on track for rollout of the Central Bank Digital Currency (CBDC) during the first quarter of 2022.
Read storyKINGSTON, February 23, 2022 - JIS - The Bank of Jamaica (BOJ) is reporting that the pace of foreign exchange rate depreciation has slowed significantly.
Read storyKINGSTON, January 1, 2022 - The Bank of Jamaica (BOJ)says it is pleased to announce that it has successfully completed the Central Bank Digital Currency (CBDC) pilot.
Read storyJAMAICA, December 15, 2021 - For December 2021, Bank of Jamaica projects that the value of currency issued by the Bank will increase by approximately $23.1 billion (11.3 per cent), relative to the stock at end-…
Read storyKINGSTON, November 22, 2021 - The Bank of Jamaica (BOJ) is slated to commence national rollout of the Central Bank Digital Currency (CBDC) platform during the first quarter of 2022.
Read storyNo stories match that search. Try another topic or clear the search.
