Jamaican governor hails resilience to inflation shocks

bank-of-jamaica
Bank of Jamaica

The Jamaican economy is becoming "more resilient" to inflationary shocks as a result of the country's economic reform program, according to Bank of Jamaica governor Brian Wynter.

Wynter noted that inflation was relatively low – annual CPI inflation fell to 8% in June – despite the exchange rate depreciating by 10.7% in the year to June and a 25% increase in bus and taxi fares in 2013.

"Historically, such a combination of shocks would have been enough to send inflation spiralling into double

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