Bank of Jamaica Maintains the Policy Rate
Bank of Jamaica’s Monetary Policy Committee (MPC), at its meetings on 18 and 19 December 2023, unanimously agreed to maintain: (i) the policy interest rate (the rate offered to deposit-taking institutions (DTIs) on overnight placements with Bank of Jamaica) at 7.0 per cent, (ii) tight Jamaican dollar liquidity conditions, and (iii) relative stability in the foreign exchange market. Jamaica’s annual...









