BANK of Jamaica (BOJ) Governor Richard Byles has hinted that the central bank is contemplating legal recourse to get commercial banks to move interest rates in line with similar movements by BOJ.

The Bank of Japan is expected to raise its benchmark interest rate this week by 25 basis points. A hike will put the BOJ's key rate at 0.5%, its highest level since 2008. Public comments by Governor ...

With traders almost fully pricing in the chance of a rate hike, attention now shifts to any clues from BOJ Governor Kazuo Ueda in his post-meeting briefing on the pace and timing of further increases.