BOJ Governor, Richard Byles
Jamaica Chamber of Commerce says it supports the BOJ governor's call for timely transmission of policy rate changes and is calling for a review of monetary policy mechanisms.
It says it fully endorses statements by the Governor of the Bank of Jamaica regarding the critical role the commercial banking sector must play in ensuring adjustments in the BOJ's policy rates are promptly passed onto borrowers.
The Chamber believes the transmission of monetary policy into the real economy is essential for the effective functioning of the BOJ's inflation targeting system.
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