Bank of Jamaica Governor, Brian Wynter, is urging Jamaicans to focus more on inflation as opposed to movements in the foreign exchange rate when assessing fiscal performance.
Speaking at a Quarterly Briefing yesterday, Governor Wynter says the BOJ is already attempting to shift the focus.
Governor Wynter noted that Jamaica’s exchange rate continues to be competitive; properly responding to market trends.
He says the Central Bank has already begun undertaking measures to set medium-term inflation targets.
Governor Wynter says Jamaica’s inflation rate continues to be well within the target set by the Finance Minister.