The Bank of Jamaica communication videos of reggae stars singing about inflation targets are among the more unusual central bank communication strategies being studied by the Bank of England. A working paper co-authored by chief economist, Andy Haldane, published last week found that engaging with a broader audience through “simplified
Spending over the holiday season wasn't as robust as anticipated, based on data coming out of the Bank of Jamaica (BOJ). The BOJ has reported that growth in currency stock for December 2019 fell below its projected target, reflecting a decline in currency issued —the lowest growth in a December
Minister of Finance and the Public Service, Dr Nigel Clarke is pointing to the improving resilience of the Jamaican economy given the economy’s modest expansion, despite external economic shocks, in the third quarter of 2019. “STATIN reported earlier this week that the Jamaican economy grew in the June – September
The Bank of Jamaica (BOJ) is reporting that the amount of money in circulation during the last five working days of December 2019 (23 to31) was $2.94 billion. This was below the central bank’s projection for the period of $7.3 million as well as the average of $4.5 billion over
The price of oil surged Friday as global investors were gripped with uncertainty over the potential repercussions after the United States killed Iran's top general. News that Gen. Qassem Soleimani, head of Iran's elite Quds Force, was killed in an air attack at the Baghdad international airport prompted expectations of
The Green Paper on the National Health Insurance Plan for Jamaica, published some months ago, indicates that out of pocket expenditures (OOP) for Jamaicans on health remain high and private insurance coverage rates are below 20 per cent. Should individuals be buying more health insurance to avoid bankruptcy caused by
The Bank of Jamaica (BoJ),is reporting that currency take up during the holiday period was weaker than expected. The central bank projected that financial institutions would take up about $7.3 billion. However, during the last five work days of December the BoJ issued only $2.9 billion to financial institutions. There
From left: Managing director of the Jamaica Social Investment Fund (JSIF), Omar Sweeney looking on as Peter Thompson, Rural Agricultural Development Authority's (RADA's) chief executive officer, presents farmer Keisha Vassel with a certificate of completion, at the graduation ceremony at the Church of God of Prophecy on Old Harbour
This week the Statistical Institute of Jamaica (STATIN) reported that the Jamaican economy grew by 0.6 per cent in the quarter ending September 2019 over the quarter ending September 2018. This represents the 19th consecutive quarter of economic growth. STATIN also reported that Q3 2019 GDP declined by 0.1 per
According to the Sustainable Development Index (SDI) which assesses the “ecological efficiency of human development”, Jamaica is ranked 23rd in the world; but it is the island's immediate neighbour, Cuba, that is ranked number one, globally. The English language socialist newspaper, the Morning Star, recently carried a story featuring Cuba's
