Bank of Jamaica (BOJ) announces its decision to hold the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with BOJ) unchanged at 0.50 per cent per annum. The Bank also decided to consider commencing a tightening of monetary policy at the next meeting of the Bank’s Monetary Policy Committee (the Committee/MPC) in September 2021 and to...

The Ministry of Finance and Public Service hosted its inaugural Wealth Summit on Wednesday (August 18), with a strong line up of presenters from both the public and private sector. The quarterly summit was the first in a series and delivered a wealth of information to persons who watched the programme on the social media pages of the Ministry of...

Tax Administration Jamaica (TAJ) wishes to advise that the Annotto Bay Tax Office, located in the parish of St. Mary as well as the Cross Roads Tax Office are set to reopen to the public on Thursday, August 19, following work carried out in the aftermath of Tropical Storm Grace. Additionally, the Port Antonio and Port Maria Tax Offices were...

Tax Administration Jamaica (TAJ) wishes to advise its customers and staff that following early assessments, some Tax Offices are to remain closed or have delayed opening today in the aftermath of Tropical Storm Grace. The Tax Offices located in the parishes of Portland and St. Mary, as well as the Cross Roads Tax Office will remain closed to the public....

In light of the ongoing COVID-19 pandemic, effective today, Wednesday, 11 August 2021, Bank of Jamaica will temporarily suspend the offering of teller services until Friday, August 13, 2021. Please be reminded that coin exchange services have been suspended since August 2020. In this regard, we therefore recommend that for the exchange of foreign currencies and other banking services, the...

The Ministry of Finance and the Public Service will be staging its inaugural Wealth Summit next week Wednesday (August 18). The summit is the first in a quarterly series and is aimed at helping Jamaicans identify solutions that will improve their lives and find financial security during the COVID-19 pandemic. It is also aimed at improving the financial literacy of...

At a short ceremony this morning, Bank of Jamaica (BOJ) minted Jamaica’s first batch of central bank digital currency (CBDC).   A total of J$230 million dollars in CBDC will be issued to deposit-taking institutions and authorized payment service providers during the CBDC pilot exercise which ends in December. BOJ’s CBDC team demonstrated the process of minting digital currency during...