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Foreign exchange market remains relatively stable – BOJ

KINGSTON, Jamaica - The foreign exchange market remains relatively stable, reflecting continued strong tourism revenue and remittance inflows, as well as the effect of actions taken by the Bank of Jamaica (BOJ). Governor, Richard Byles, made the disclosure during the Central Bank’s Quarterly Monetary Policy Press Conference at the BOJ on Wednesday. “To prevent undue volatility in the foreign exchange market, BOJ has sold approximately US$907 million via its B-FXITT. ....

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BOJ warns illegal microlenders to get in line

With only 118 of the estimated 300 micro-credit firms having submitted applications to be licensed, the Bank of Jamaica (BOJ) is warning that companies found to be illegally operating will incur the raft of penalties stipulated by the Microcredit Act ....

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Public wage increase not expected to 'terribly increase' inflation

The wage increases and retroactive payments that are now due to public sector workers with the signing of the new compensation agreement will not significantly impact the current inflation rate.

So says Bank of Jamaica (BOJ) Governor Richard ....

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