Bank of Jamaica increases efforts to stimulate inflation

Brian Wynter
Bank of Jamaica governor Brian Wynter
Felipe Iturra

The Bank of Jamaica will lower its reserve requirements for banks in an effort to spur credit growth, governor Brian Wynter announced in a speech on February 21.

The central bank also cut its policy rate on February 20, hoping the combination of interventions will bring inflation back to target more quickly.

Jamaican banks’ reserve requirements will be reduced by 3 percentage points to 9%, effective from March 1, in the first of a series of planned cuts. The reduction should release nearly $17

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: