Bank of Jamaica continues with monetary easing

Jamaica dollar - Getty.jpg

The Bank of Jamaica has lowered its policy rate in the latest in a string of measures to ease monetary conditions in the economy.

The central bank reduced its policy rate by 50 basis points to 0.75% on May 20, following a series of monetary easing adjustments earlier this year aimed at stimulating inflation.

Rates have now been lowered three times this year, by a total of 100bp, while reserve requirements have been reduced twice, by a total of five percentage points to 7%.

Inflation has been

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