Bank of Jamaica - Annual Report 2007

During 2007, the Bank of Jamaica was confronted with several challenges to price stability, the institution's latest Annual Report states.

For the most part, the challenges were triggered by exogenous factors: rising oil and agricultural commodity prices, as well as the US subprime mortgage crisis.

However, domestic factors also played a part. The passage of Hurricane Dean in August followed by a prolonged period of adverse weather conditions led to the destruction of a number of agricultural

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