Jamaica Observer: “JA dollar not overvalued, says IMF representative”
THE Jamaica dollar is not overvalued reasoned Dr Gene Leon, the International Monetary Fund’s (IMF) senior resident representative in Jamaica, who yesterday added that Jamaica could pass the upcoming quarterly IMF test, save for hurricanes and other external shocks.
Jamaica Observer: “BOJ inflation policy trashed”
FOLLOWING the announcement by Bank of Jamaica (BOJ) Governor Brian Wynter that the Central Bank would be moving towards an Inflation-Targeting Framework (ITF), financial analysts have rubbished the notion as baseless, given Jamaica’s susceptibility to internal and external shocks and the inability to control these forces.
Jamaica Observer: “Banks Penalise Poor Savers”
EVEN as the Bank of Jamaica (BOJ) has reduced the reserve requirements for commercial banks, a new kind of banking fee is making customers pay for having too little money in their accounts.