How would you assess the successes and the challenges so far in introducing an inflation-targeting framework in Jamaica?

I would say there has been notable success and some challenges. Success in the sense that we have brought headline inflation down from 11.8% at April of 2022 to 5.9% at September this year. (Note that the inflation outturn was further reduced to 5.1% in October 2023). The markets have remained reasonably stable. The financial sector is well capitalised and non-performing loans