Bank of Jamaica outlines plans to become ‘modern’ central bank

Initiatives to implement inflation-targeting framework and liberalise forex rate already under way

bank-of-jamaica
Bank of Jamaica: plans to implement a ±3.5% band around a central inflation target of 5.5%

The Bank of Jamaica is to undergo an ambitious reform process this year as it attempts to align itself with international best practice and become “a more modern central bank”.

In a communication published by the International Monetary Fund (IMF) on April 18, Jamaica’s central bank announced inflation-targeting and foreign exchange liberalisation at the top of its agenda for 2017.

Responding to the fund’s financial support in a ‘letter of intent’, Jamaican authorities said the central bank

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

.