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Bank of Jamaica

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Jamaica | BOJ Anticipates Digital Currency Expansion Will Ease ATM Challenges

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Bank of Jamaica (BOJ) Governor, Richard Byles, says the full rollout of Jamaica’s central bank digital currency (CBDC), branded JAM-DEX, will alleviate many of...
Latest

Bank of Jamaica Holds Policy Rate at Six Per Cent

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The Bank of Jamaica (BOJ) announced on Monday (February 24) that its policy rate will be maintained at six per cent per annum, a...
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Bank of Jamaica Mitigating Risks and Enhancing Operational Resilience with Offsite Location

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Bank of Jamaica (BOJ) is taking steps towards increasing its operational resilience. These steps include relocating some of its operations to a recently acquired...
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Jamaica | Bank of Jamaica Ceases Exchange of Non-US Dollar Coins at its Banking Counter

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Bank of Jamaica (the Bank) wishes to advise that effective 1 July 2024, it will no longer exchange coins of the Canadian Dollar (CAD),...
Economics

Bank of Jamaica Takes Note of Inflation Reduction to the Target Range

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Bank of Jamaica has taken note of the inflation outturn at March 2024 as released by the Statistical Institute of Jamaica (STATIN) on April...
Economics

Jamaican Economy Remains Buoyant

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Bank of Jamaica (BOJ) Governor, Richard Byles, says real gross domestic product (GDP), which is the total value added generated from economic activity, continues...
Economics

Jamaica | BOJ Approves Banking Transactions Utilising NIDS When Fully Operational

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The Bank of Jamaica has given National Commercial Bank (NCB) the approval to pursue three use cases that integrate the services of the National...
Economics

Jamaica | BOJ holds interest rate at 7%

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The Bank of Jamaica (BOJ) has held its key policy interest rate at seven per cent as it seeks to maintain tight Jamaican dollar...
Economics

Jamaica | Economy Continues to Show Strong Growth – BOJ

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Jamaica’s economy continues to show strong growth, with the 5.9 per cent out-turn for the July to September 2022 quarter being higher than the...
Economics

Jamaica | Reassurance Given to Preserve Integrity of Country’s Financial System

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Jamaica’s authorities have given reassurance of efforts being committed to preserve the integrity of the country’s financial system and safeguard stakeholders’ interests. This assurance comes...
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