Bank of Jamaica cuts policy rate again
Central bank aims to get inflation back to target range by December 2020
The Bank of Jamaica lowered its policy rate on March 27 in part of its ongoing effort to bring inflation back up to target.
The central bank reduced the rate by 25 basis points to 1.25%, after cutting rates by the same amount in February. In the February meeting it also doubled down on its effort to raise inflation by announcing a reduction in reserve requirements, which took effect on March 1.
The central bank said it aims to get inflation back to the target range of 4–6% by December 2020.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com