Prospects Bright for Jamaica: BOJ

• The Bank of Jamaica (BOJ) says prospects for the Jamaican economy remain positive, as economic growth continues to be underpinned by rising employment.
• BOJ further noted that credit extended to private-sector businesses and households by commercial banks, merchant banks, and building societies has increased by 15.2% (+1.4%) over the 12-month period ending March 2019.
• He also added that foreign reserves are adequate and that Jamaica has a sustainable position in the current account of the balance of payments. “Fiscal performance is strong and Jamaica is shedding its burdensome debt load at an admirable rate. Inflation is low, stable and predictable,” said Governor Wynter.
• This positive outlook was given by Governor, Brian Wynter, at the Bank’s quarterly press conference.

(Source: JIS)