Jamaica’s Wynter says more “robust” rate cuts could be on horizon
Monetary policy has so far been ineffective in preventing inflation from falling, governor says
The governor of the Bank of Jamaica has said there still may be a need for “further and more robust downward adjustments” in the policy rate as inflation looks set to fall below the central bank’s target.
Speaking at the release of the latest quarterly bulletin, Brian Wynter said there was “reason to be concerned” that recent cuts to interest rates had so far been unable to “stimulate economic activity” enough for inflation to reach its target.
Since switching its policy rate to the
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