BOJ’S Monetary Policy Committee agrees to maintain the policy interest rate at 7%

The Bank of Jamaica’s Monetary Policy Committee (MPC) has agreed to maintain the policy interest rate at 7 per cent.

This is the rate offered to deposit-taking institutions on overnight placements with the Bank of Jamaica (BOJ).

Bank of Jamaica Governor Richard Byles spoke on the matter at the BOJ’s Quarterly Monetary Policy Report press conference this morning.

Governor Byles said the decision to maintain the monetary policy stance is based on the MPC’s view that while inflation in October this year fell within the Bank’s target range, it is projected to rise above the target range between the December 2023 and March 2025 quarters.

He said the move will also allow more flexibility in the Bank’s open market operations and allow money market interest rates to move up and down, based on the circumstances in the market.

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Two Petersfield High students dead in fiery Westmoreland crash, school in mourning

The Bank of Jamaica’s Monetary Policy Committee (MPC) has agreed to maintain the policy interest rate at 7 per cent.

This is the rate offered to deposit-taking institutions on overnight placements with the Bank of Jamaica (BOJ).

Bank of Jamaica Governor Richard Byles spoke on the matter at the BOJ’s Quarterly Monetary Policy Report press conference this morning.

Governor Byles said the decision to maintain the monetary policy stance is based on the MPC’s view that while inflation in October this year fell within the Bank’s target range, it is projected to rise above the target range between the December 2023 and March 2025 quarters.

He said the move will also allow more flexibility in the Bank’s open market operations and allow money market interest rates to move up and down, based on the circumstances in the market.

Read More

JTA President says teachers growing impatient with unresolved wage concerns

The Bank of Jamaica’s Monetary Policy Committee (MPC) has agreed to maintain the policy interest rate at 7 per cent.

This is the rate offered to deposit-taking institutions on overnight placements with the Bank of Jamaica (BOJ).

Bank of Jamaica Governor Richard Byles spoke on the matter at the BOJ’s Quarterly Monetary Policy Report press conference this morning.

Governor Byles said the decision to maintain the monetary policy stance is based on the MPC’s view that while inflation in October this year fell within the Bank’s target range, it is projected to rise above the target range between the December 2023 and March 2025 quarters.

He said the move will also allow more flexibility in the Bank’s open market operations and allow money market interest rates to move up and down, based on the circumstances in the market.

Read More

Cabinet to discuss additional assistance following severe weather

The Bank of Jamaica’s Monetary Policy Committee (MPC) has agreed to maintain the policy interest rate at 7 per cent.

This is the rate offered to deposit-taking institutions on overnight placements with the Bank of Jamaica (BOJ).

Bank of Jamaica Governor Richard Byles spoke on the matter at the BOJ’s Quarterly Monetary Policy Report press conference this morning.

Governor Byles said the decision to maintain the monetary policy stance is based on the MPC’s view that while inflation in October this year fell within the Bank’s target range, it is projected to rise above the target range between the December 2023 and March 2025 quarters.

He said the move will also allow more flexibility in the Bank’s open market operations and allow money market interest rates to move up and down, based on the circumstances in the market.

Read More

Classes in full swing following severe weather

The Bank of Jamaica’s Monetary Policy Committee (MPC) has agreed to maintain the policy interest rate at 7 per cent.

This is the rate offered to deposit-taking institutions on overnight placements with the Bank of Jamaica (BOJ).

Bank of Jamaica Governor Richard Byles spoke on the matter at the BOJ’s Quarterly Monetary Policy Report press conference this morning.

Governor Byles said the decision to maintain the monetary policy stance is based on the MPC’s view that while inflation in October this year fell within the Bank’s target range, it is projected to rise above the target range between the December 2023 and March 2025 quarters.

He said the move will also allow more flexibility in the Bank’s open market operations and allow money market interest rates to move up and down, based on the circumstances in the market.

Read More

Several schools impacted due to severe weather

The Bank of Jamaica’s Monetary Policy Committee (MPC) has agreed to maintain the policy interest rate at 7 per cent.

This is the rate offered to deposit-taking institutions on overnight placements with the Bank of Jamaica (BOJ).

Bank of Jamaica Governor Richard Byles spoke on the matter at the BOJ’s Quarterly Monetary Policy Report press conference this morning.

Governor Byles said the decision to maintain the monetary policy stance is based on the MPC’s view that while inflation in October this year fell within the Bank’s target range, it is projected to rise above the target range between the December 2023 and March 2025 quarters.

He said the move will also allow more flexibility in the Bank’s open market operations and allow money market interest rates to move up and down, based on the circumstances in the market.

Read More

Chang says timeline of investigation into bomb threats cannot be provided

The Bank of Jamaica’s Monetary Policy Committee (MPC) has agreed to maintain the policy interest rate at 7 per cent.

This is the rate offered to deposit-taking institutions on overnight placements with the Bank of Jamaica (BOJ).

Bank of Jamaica Governor Richard Byles spoke on the matter at the BOJ’s Quarterly Monetary Policy Report press conference this morning.

Governor Byles said the decision to maintain the monetary policy stance is based on the MPC’s view that while inflation in October this year fell within the Bank’s target range, it is projected to rise above the target range between the December 2023 and March 2025 quarters.

He said the move will also allow more flexibility in the Bank’s open market operations and allow money market interest rates to move up and down, based on the circumstances in the market.

Read More

Government remains committed to constructing ramps in schools says Williams

The Bank of Jamaica’s Monetary Policy Committee (MPC) has agreed to maintain the policy interest rate at 7 per cent.

This is the rate offered to deposit-taking institutions on overnight placements with the Bank of Jamaica (BOJ).

Bank of Jamaica Governor Richard Byles spoke on the matter at the BOJ’s Quarterly Monetary Policy Report press conference this morning.

Governor Byles said the decision to maintain the monetary policy stance is based on the MPC’s view that while inflation in October this year fell within the Bank’s target range, it is projected to rise above the target range between the December 2023 and March 2025 quarters.

He said the move will also allow more flexibility in the Bank’s open market operations and allow money market interest rates to move up and down, based on the circumstances in the market.

Read More

Gov’t to embark on response to trauma initiative in schools, following recent bomb threats

The Bank of Jamaica’s Monetary Policy Committee (MPC) has agreed to maintain the policy interest rate at 7 per cent.

This is the rate offered to deposit-taking institutions on overnight placements with the Bank of Jamaica (BOJ).

Bank of Jamaica Governor Richard Byles spoke on the matter at the BOJ’s Quarterly Monetary Policy Report press conference this morning.

Governor Byles said the decision to maintain the monetary policy stance is based on the MPC’s view that while inflation in October this year fell within the Bank’s target range, it is projected to rise above the target range between the December 2023 and March 2025 quarters.

He said the move will also allow more flexibility in the Bank’s open market operations and allow money market interest rates to move up and down, based on the circumstances in the market.

Read More

FBI among international agencies probing bomb threats with JCF

The Bank of Jamaica’s Monetary Policy Committee (MPC) has agreed to maintain the policy interest rate at 7 per cent.

This is the rate offered to deposit-taking institutions on overnight placements with the Bank of Jamaica (BOJ).

Bank of Jamaica Governor Richard Byles spoke on the matter at the BOJ’s Quarterly Monetary Policy Report press conference this morning.

Governor Byles said the decision to maintain the monetary policy stance is based on the MPC’s view that while inflation in October this year fell within the Bank’s target range, it is projected to rise above the target range between the December 2023 and March 2025 quarters.

He said the move will also allow more flexibility in the Bank’s open market operations and allow money market interest rates to move up and down, based on the circumstances in the market.

Read More