Jamaica: Economic reform program tames inflation – BoJ Governor Wynter

Wynter emphasized that maintaining the current stance of fiscal discipline will continue to temper the emergence of excess domestic demand, and thereby deepen the economy’s resilience. He noted that the preservation of economic stability, together with the maintenance of recent gains in external price competitiveness, will allow the productive sector to grow faster, led by exports and competitive import substitution.

“I think in addition to these, from an inflation perspective, are the expectations of the public, which represent a critical factor in managing inflation in a market economy like Jamaica’s. If we are going to achieve our objectives, we have to pay careful attention to these expectations.” -(CMC)

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