Bank of Jamaica set for new powers in 2015

bank-of-jamaica
Bank of Jamaica

The Jamaican authorities are laying the groundwork for the central bank to assume responsibility for financial stability in the country, and possibly a full-fledged inflation targeting regime.

The plans were set out in a ‘letter of intent' sent to IMF managing director Christine Lagarde on December 3 by Bank of Jamaica governor Brian Wynter and minister of finance Peter Phillips.

At present, the authorities are preparing legislative amendments "to vest the BOJ with overall responsibility for fin

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: