New Jamaican law could end Caribbean’s ‘colonial era’

Bank of Jamaica operational independence could transform region

Jamaican politicians are currently reflecting on whether or not to push ahead with a promise to pass legislation that would grant operational independence to the Bank of Jamaica to pursue an agreed inflation target.

Should they move forward with their commitment to institute legislation in October, it could trigger a trend towards central bank independence in the Caribbean region, so bringing to an end British, Spanish, French and Dutch colonial-era central bank laws.

The Bank of Jamaica Act,

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: