New tax measures biggest threat to Jamaican inflation

Photo: Central Bank of Jamaica

The Bank of Jamaica says the main upside risk to the inflation forecast for the coming year is a set of forthcoming tax measures, due to come into force either in 2017 or 2018.

In the bank's latest inflation report, published today (February 10), the central bank outlines the risks to the inflation forecast, which currently predicts inflation will fall below the target range of 4.5–6.5% for the 2016–17 fiscal year.

Earlier this month, parliament announced it would be pursuing the second part of