The Bank of Jamaica (BOJ) Monetary Policy Committee (MPC) has unanimously agreed to maintain the policy rate on overnight placements by deposit-taking institutions at 5.5 per cent per annum.

“The MPC also decided that Bank of Jamaica will continue special measures to preserve stability in the foreign exchange market, including directly supplying the foreign exchange needs of selected entities in the energy sector,” Governor, Richard Byles, informed.

He assured that the bank will continue to reinforce market confidence in the predictability of foreign exchange flows by maintaining the pre-announcement of the timing and size of BOJ Foreign Exchange Intervention and Trading Tool (B-FXITT) flash sale interventions.