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A service for banking industry professionals · Saturday, March 7, 2026 · 897,797,280 Articles · 3+ Million Readers
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Bank of Jamaica News Monitoring

  • Published on 01:32 GMT

    Net remittances rose to US$3.24 billion in 2025

      Data released by the Bank of Jamaica show that net remittances—the difference between money sent into Jamaica and funds leaving the country—rose to US$3.24 billion in 2025, up from US$3.12 billion in 2024.   The 3.8 per cent increase was driven by total …

    Source: Radio Jamaica - Neutral
  • Published on 01:36 GMT

    DBJ providing $45m boost for businesses hit by Hurricane Melissa

      The Development Bank of Jamaica (DBJ) says it will be providing $45 million to six of its business clusters, which were affected by Hurricane Melissa last year.   This, as it enters the second phase of M5 Business Recovery Programme.   The funds will be …

    Source: Radio Jamaica - Neutral
  • Published on 01:41 GMT

    MSMEs discouraged as banks not budging on call for reduced loan rates

      Members of Jamaica's micro, small and medium-sized enterprise (MSME) sector say they are feeling discouraged following a meeting with commercial bankers about high lending rates.    Cecil Foster says operators in the MSME sector left the meeting with …

    Source: Radio Jamaica - Neutral
  • Published on Feb 27, 2026

    Bank of Jamaica projects inflation to average 5.9% over next two years

    The Bank of Jamaica forecasts that inflation will average 5.9 per cent over the next two years, down from a previous projection of 7.4 per cent, Governor Richard Byles said Tuesday. Speaking at a press conference on the Quarterly Monetary Policy Report, …

    Source: Caribbean National Weekly - Neutral
  • Published on Mar 5, 2026

    $900 Million Allocated for BIGEE Project

    The Government has allocated more than $900 million for the Boosting Innovation, Growth and Entrepreneurial Ecosystems (BIGEE) project, which is geared at promoting growth in the business sector. Launched during the 2025/2026 financial year and funded …

    Source: Jamaica Information Service - Gov't Institution
  • Published on Feb 25, 2026

    Bank of Jamaica to remove another $40B from circulation today

    The Bank of Jamaica says it will remove another 40 billion dollars from circulation on Wednesday as part of efforts to keep inflation under control.   Inflation eased to 3.9% for the period January 2025 to January 2026.   The central bank says it will use …

    Source: Radio Jamaica - Neutral
  • Published on Feb 24, 2026

    Bank of Jamaica cuts key interest rate

    The Bank of Jamaica has reduced its key interest rate by 25 basis points to 5.5 per cent.   The decision was made by the Bank's Monetary Policy Committee during meetings held on February 19 and 20.   The Committee says the impact of Hurricane Melissa …

    Source: Radio Jamaica - Neutral
  • Published on Mar 6, 2026

    Jamaica Officially Enters Reconstruction Phase Post-Melissa

    Prime Minister, Dr. the Most Hon. Andrew Holness, has announced that the country has officially entered the reconstruction phase of the Hurricane Melissa disaster response. Dr. Holness noted that this transition was supported by the near-completion of …

    Source: Jamaica Information Service - Gov't Institution
  • Published on Mar 4, 2026

    Should we continue cutting interest rates to offset Melissa’s impact? — Part 2

    Bank of Jamaica headquarters, Nethersole Place. FIRST, a mea culpa. Last week, due to a combination of my rushing and not feeling well, a couple of points were accidentally included in my piece, and spotted by some smart readers. So in pursuit of …

    Source: Jamaica Observer - Indeterminate
  • Published on Mar 3, 2026

    Forex: $157.12 to one US dollar

    March 2, 2026 KINGSTON, Jamaica — The United States (US) dollar on Monday, March 2, ended trading at $157.12, down by 14 cents according to Bank of Jamaica’s daily exchange trading summary. Meanwhile, the Canadian dollar ended trading at $114.62 down from …

    Source: Jamaica Observer - Indeterminate
  • Published on Feb 5, 2026

    Bank of Jamaica approves two new directors for Access Financial board

    This combination photo featurers Dr Tamiko Sadler (right) and Johann Heaven, newly appointed board members at Access Financial   KINGSTON, Jamaica — Access Financial Services Limited (AFS) has appointed two new directors to its board after receiving formal …

    Source: Jamaica Observer - Indeterminate
  • Published on Mar 4, 2026

    Ja remittances rebound to record US$3.49b in 2025

    Remittances to Jamaica rose 3.8 per cent in 2025, as a sharp post-hurricane rebound in the final two months of the year more than offset the slump that followed Hurricane Melissa’s October landfall. The calendar-year total of US$3.49 billion edged past …

    Source: The Gleaner - Neutral
  • Published on Mar 1, 2026

    BOJ launches TV series, interactive game as part of deeper financial inclusion drive

    An illustration used in the Bank of Jamaica’s financial inclusion outreach showing everyday financial risks. The central bank says improving financial literacy is key to helping more Jamaicans move from informal cash habits into the formal financial system …

    Source: Jamaica Observer - Indeterminate
  • Published on Feb 28, 2026

    Assets of financial institutions climb to $3.1 trillion in December 2025

      The Bank of Jamaica is reporting that the assets of the financial system - commercial banks, merchant banks and building societies - climbed 10 per cent to $3.1 trillion in December last year compared with December of 2024.   The commercial banks had …

    Source: Radio Jamaica - Neutral
  • Published on Feb 28, 2026

    Forex: $157.26 to one US dollar

    February 27, 2026 KINGSTON, Jamaica — The United States (US) dollar on Friday, February 27, ended trading at $157.26, up by 19 cents according to Bank of Jamaica’s daily exchange trading summary. Meanwhile, the Canadian dollar ended trading at $118.25 up …

    Source: Jamaica Observer - Indeterminate
  • Published on Feb 27, 2026

    BOJ predicts stable US dollar

    The Bank of Jamaica (BOJ) projects that the US dollar will remain largely stable against Jamaica’s major trading partners over the next two years, though the central bank stopped short of offering a definitive outlook for the local currency. In its …

    Source: The Gleaner - Neutral
  • Published on Feb 27, 2026

    Loan stress after Melissa milder than feared, BOJ says

    The Bank of Jamaica’s headquarters in downtown Kingston. The central bank says loan delinquencies have risen only modestly following Hurricane Melissa, though credit conditions will be closely watched as temporary moratoria expire., JAMAICA’S financial …

    Source: Jamaica Observer - Indeterminate
  • Published on Feb 27, 2026

    BOJ reports $14 billion net loss on total assets of $1.3 trillion

      The Bank of Jamaica is reporting a net loss of $14 billion during the period January 1 to February 11, 2026.    The bank also says that these losses were recorded on total assets of $1.3 trillion.   The bank's total foreign assets jumped by 26 per …

    Source: Radio Jamaica - Neutral
  • Published on Feb 27, 2026

    Forex: $157.07 to one US dollar

    February 26, 2026 KINGSTON, Jamaica — The United States (US) dollar on Thursday, February 26, ended trading at $157.07, up by 3 cents according to Bank of Jamaica’s daily exchange trading summary. Meanwhile, the Canadian dollar ended trading at $115.29, up …

    Source: Jamaica Observer - Indeterminate

02 days 17:40:54

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