Bank of Jamaica Quarterly Monetary Report – July to August 2018
Date: November 19, 2019 Bank of Jamaica Quarterly Monetary Report: For the period (July to August 2018) The Bank of Jamaica (BOJ) held its Quarterly Monetary Policy Press Conference today, where the Governor, Mr. Brian Wynter, commented on the Bank of Jamaica’s decision to hold the policy interest rate unchanged at 2.00%. According to the Governor, “this policy decision reflects the Bank’s assessment that inflation will rise close to the upper band of the 4.0% to 6.0% over the three quarters to June 2019 and will trend thereafter to middle the target range.” He highlighted that the Bank views current
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November 19, 2018 Please see the below graph with regards to the movement of the MJE’s Net Asset Value:
BOJ Policy Rate
November 19, 2018 On November 16, 2018, The Bank of Jamaica announced it decision to hold the policy interst rate unchanged at 2.00%. According to the Bank, "This decision reflects the Bank’s assessment that inflation will approach the upper end of the 4.0 per cent to 6.0 per cent target by June 2019 and will trend thereafter to the middle of the target range. Bank of Jamaica also judges that current monetary conditions are consistent with inflation returning to the centre of the target of 4.0% to 6.0% over the medium term." The Bank's short-term outlook pin points key sources