JMD: Modest Depreciation Ahead As Inflation Begins To Pick Up

• Fitch maintains its view that the Jamaican dollar will depreciate over the coming months, amid rising inflation and dovish monetary policy. 
• Volatility will remain elevated, as the Bank of Jamaica (BoJ) takes a less active role in moderating the FX market. 
• Fitch Solutions forecast the Jamaican dollar to average JMD132.1/USD in 2019 and JMD138.0/USD in 2020, from a spot level of JMD128.9/USD.

(Source: Fitch)