New Bank of Jamaica Act grants legal independence

BoJ Act 2020 triggers formation of monetary policy committee, board restructure and increased capitalisation

bank-of-jamaica

The Jamaican Senate has approved new legislation aimed at granting the Bank of Jamaica greater independence, including the creation of a monetary policy committee.

On December 4, minister for economic growth and job creation Aubyn Hill said the amendments made to the Bank of Jamaica Act were an “important step” towards modernising the central bank.

“The amendments seek to bring greater independence to the [central bank] in its operations and policy decision-making process, while at the same

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

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

.