BOJ To Maintain 0.50 Interest Rate On Overnight Placements
Bank of Jamaica (BOJ) Governor, Richard Byles, says the BOJ will be maintaining the 0.50 per cent policy interest rate on deposit-taking institutions’ (DTIs’) overnight placements, until there are “clear signs” that domestic economic activity is returning to pre-coronavirus (COVID-19) levels. The Central Bank, on Tuesday (November 19), announced its decision to hold the policy rate unchanged, noting that this...









