BOJ defends the interest hike!

October 12, 2021

Last week, Financial analyst and Chairman of two listed companies, John Jackson lashed out against the Bank of Jamaica for raising interest rates by one percent in one go! Well he’s not the only one! The BOJ is also coming under pressure from manufacturers, exporters, and much of the private sector…. This week on Taking Stock, BOJ Governor, Richard Byles, defends the controversial decision!

And THE ANALYSTS weigh in on the latest market developments….The LAB’s net profits are up 32% for the 9 month period ended July 31 compared to the same period last year. In the US, the unemployment rate fell from 5.2% in August to 4.8% in September. 136 countries have agreed to set a minimum global tax rate of 15% on big companies to make it harder for them to avoid taxation. We’ll discuss.

Categories: Taking Stock

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The Cast

Richard Byles

Governor
The Bank of Jamaica

Julian Morrison

Julian Morrison

Investment Analyst, PROVEN Wealth

Dwayne Taylor

Wealth Advisor at Ideal Portfolio Services

Jodian Aris

Research and Strategy Analyst at Sagicor Investments

Categories: Taking Stock

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