Policy Rate Remains Unchanged- BOJ

• The Bank of Jamaica (BOJ) has held the policy rate unchanged at 0.50% per annum effective November 20, 2019.
• Similar to the policy decision made in September, BOJ’s decision to hold the policy rate constant was based on its assessment that monetary conditions are still conducive to the achievement of the inflation target of 4.0% to 6.0% over the next eight quarters.
• The BOJ also assured the public that it is committed to closely monitoring the impact of the previously implemented monetary policy measures as well as overall economic activity and the impacts on inflation, to determine the appropriate future path for the policy rate.

(Source: BOJ)