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
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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary Policy
Nigerian central bank raises rates for third consecutive time
MPC says tight policy is starting to work but calls for more action on food security
Hungary close to end of easing campaign as it cuts rate by 50bp
Vice-governor Virág hints at “one more cut” in June
What is forecasting for? Bernanke and the future of BoE projections
The Bernanke review pushes central banks to rethink the role of forecasts in policy-making
Cecilia Skingsley on monetary policy tech and a unified ledger
Head of the BIS Innovation Hub speaks about tokenisation, CBDCs and the ‘black box problem’ in AI
Paper finds link between housing costs and inflation expectations
Housing inflation expectations exceed other measures – National Bank of Belgium research
Past US presidents’ Fed pressure raised inflation – NBER paper
Nixon-era evidence points to major impact on price level from “political pressure shocks”
Data ‘does not warrant’ July cut by ECB, Schnabel says
Eurozone inflation risks remain tilted to the upside, ECB board member warns
Bernanke urges regular policy reviews at BoE
Former Fed chair recommends reviews of “policy implementation and framework”
Most read
- Profit inflation and monetary policy: weighing the evidence
- What is forecasting for? Bernanke and the future of BoE projections
- Central bank of the year: Central Bank of Brazil