Foreign Exchange Market Remains Relatively Stable
Jamaica’s foreign exchange market remains relatively stable, partly reflecting actions by the Central Bank in response to higher than targeted inflation. According to Bank of Jamaica (BOJ) Governor, Richard Byles, the foreign exchange rate for fiscal year 2022/23, to November 11, depreciated by 0.5 per cent. This was significantly slower than the 6.7 per cent depreciation recorded over the corresponding...








