Foreign invasion

By |2020-10-16T15:02:05+00:00October 16th, 2020|Economic Data, news|

The significant potential of Jamaica's legalised medical marijuana and hemp industry is resulting in a foreign invasion, as another overseas company has entered the fray in getting provisional licences to do business here. US-based provider of hemp consumable product lines, CBD Unlimited, has received provisional approval for two licences from Jamaica's cannabis and hemp industry [...]

May inflation rate up by 0.1 % — STATIN

By |2020-07-13T03:51:14+00:00July 13th, 2020|Economic Data|

The Jamaica Consumer Price Index (CPI) inflation rate for May was 0.1 per cent. This increase was largely as a result of the 1.1 per cent increase in the heavily weighted food and non-alcoholic beverages division, according to the Consumer Price Index Bulletin – May, released last Friday (July 10) by the Statistical Institute [...]

Bank of Jamaica Quarterly Monetary Policy Report

By |2020-02-21T13:48:10+00:00February 21st, 2020|Economic Data|

My team of deputy governors and I are happy to be here to answer any questions you may have about yesterday’s interest rate announcement and the Quarterly Monetary Policy Report (QMPR) but before I do that, let me provide some insight into what influenced our monetary policy decision. BOJ_press_briefing_speech_-_february_2020


By |2018-11-19T12:20:32+00:00November 19th, 2018|Economic Data|

Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered on overnight placements with Bank of Jamaica) unchanged at 2.00 per cent. This decision reflects the Bank’s assessment that inflation will approach the upper end of the 4.0 per cent to 6.0 per cent target by June 2019 and will [...]

Consumer Price Index June 2018

By |2018-08-24T18:02:01+00:00August 23rd, 2018|Bulletin, Economic Data|

KINGSTON, July 16, 2018: The All Jamaica Consumer Price Index for June 2018 increased by 0.4 per cent according to the Consumer Price Index (CPI) Bulletin released today by the Statistical Institute of Jamaica (STATIN). The division ‘Housing, Water, Electricity, Gas and Other Fuels’, moved up by 1.2 per cent for the period under [...]

Bank of Jamaica Reduces Policy Interest Rate

By |2018-08-17T06:55:10+00:00April 6th, 2017|Economic Data|

Bank of Jamaica announces that, with effect from 05 April 2017, the rate offered on its 30-day certificate of deposit, the policy rate, will be reduced to 4.75 per cent from 5.00 per cent. The adjustment to the policy rate reflects the Bank’s assessment that inflation for FY2017/18 will be within BOJ’s inflation target [...]

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