BOJ Monetary Policy Committee Agrees to Reduce the Policy Rate by 25 Basis Points
The Bank of Jamaica (BOJ) Monetary Policy Committee (MPC) has unanimously agreed to reduce the policy rate by 25 basis points from six per cent to 5.75 per cent per annum, effective May 21. The policy rate is offered to deposit-taking institutions (DTIs) on overnight placements with the BOJ. Central Bank Governor, Richard Byles, speaking during the Quarterly Monetary Policy...









