Business
Jamaica: Election speculation date adds to economic uncertainy
Brian Wynter: Governor of the Bank of Jamaica. PHOTO/The Gleaner
The ongoing speculation about the date of the next general election could add to the uncertainties created by the International Monetary Fund‘s (IMF) delay in reviewing the medium-term economic programme, says Governor of the Bank of Jamaica (BoJ), Brian Wynter.
He further revealved that cost of living pressure is likely to continue to ease during the last quarter of 2011. He said economic growth could accelerate during the period, while inflation is projected to be between one and two percent.
This forecast is “predicated on low imported inflation, a continued decline in inflation expectations and stable domestic capacity conditions,” the BoJ governor said in the latest Quarterly Monetary Policy Report, for the period ending September 30.
