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Inflation Rate to Average 5.9 per Cent over Next Two Years
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Inflation rate in Jamaica to average 5.9 percent over next two years
By Judana Murphy KINGSTON, Jamaica, (JIS) – The Bank of Jamaica (BOJ) is projecting that inflation will average 5.9 percent over the next two years. Governor, Richard Byles, advised that this forecast is below the previous projection of an average of 7.4 percent. “It is projected that following possible temporary breaches of the upper limit of the target in the June and September quarters of this year, inflation will return to the target range b…
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