BANK OF JAMAICA INCREASES CASH RESERVE REQUIREMENTS AND MAINTAINS POLICY RATE
Summary of Monetary Policy Discussion and Decision - February 2023 At its meeting on 16 and 17 February 2023, the Monetary Policy Committee (MPC) unanimously decided to increase by one percentage point (pp) the domestic and the foreign currency Cash Reserve Requirements (CRRs) applicable to deposit-taking institutions (DTIs), effective 01 April 2023. This decision represents [...]