Accommodative Monetary Policy in Jamaica Will Support Growth In 2019

• Fitch anticipates that the Bank of Jamaica will maintain an accommodative monetary policy stance through H119, supporting investment and growth.

 

• Additionally, the rating agency presumes that rising inflation expectations amid rising fuel import costs will likely prompt rate hikes in H219. They forecast interest rates to rise to 2.25%, from 1.75%, by end-2019.   

 

(Source: Fitch