The Bank of Jamaica (BOJ) has reduced interest rates by 25 basis points (bps) to 6.50 percent per annum, a decision announced by the central bank...
Jamaica’s microcredit market has expanded to J$46 billion (US$293 million), reflecting a growth of over 15 percent compared to the previous year, based on loan balances...
Jamaican banks have decided to stop charging fees on dormant savings accounts, putting an end to a long-standing and controversial practice. Jide Lewis, Deputy Governor of...
AP | The Bank of Jamaica is preparing to issue a nationwide digital currency for the first time in its history following recent approval from legislators....
The Jamaican central bank, Bank of Jamaica (BOJ), announced that it has successfully completed the trial of its central bank digital currency (CBDC). The 8-month pilot...
CBDC to facilitate financial inclusion
The rapid depreciation in the value of the Jamaican dollar over the past three weeks will not continue in that manner over the rest of the...
Jamaican Prime Minister Portia Simpson-Miller (r), accompanied by Chinese Premier Li Keqiang, inspects a guard of honor at the Great Hall of the People in Beijing,...
Latest statistics released by the Bank of Jamaica indicate that the island-nation’s economy remained in recession during the first quarter of 2013, however, the economy was...
The Jamaican central bank is projecting that the economy will contract in the current quarter as a result of the negative impact of Hurricane Sandy. Bank...
It is not yet clear when the Jamaica Cooperative Credit Union League (JCCUL) will be able to roll out its new e-payment system to the public,...
Former Governor of the Central Bank Derick Latibeaudiere believes the new People’s National Party (PNP) administration should seek an extended fund facility instead of a new...
Brian Wynter: Governor of the Bank of Jamaica. PHOTO/The Gleaner The ongoing speculation about the date of the next general election could add to the uncertainties...
A proposed set of reforms could provide the Bank of Jamaica (BoJ), with more powers with respect to institutional responsibility for financial stability in Jamaica. The...
(Jamaica Observer) – The Bank of Jamaica (BoJ) has reported that Jamaica’s Net International Reserves (NIR) is in excess of US$2 billion as at the end...
The Bank of Jamaica (BoJ) has reported an increase of cash remittances sent to Jamaica by Jamaicans abroad of 7.3 percent. Net remittances went up from...
