Efforts of the Central Bank to Tame Inflation
In this special Panel Discussion the governor of the Bank of Jamaica, Mr. Richard Byles discusses the efforts of the Central Bank to tame inflation. Understand how the Bank of Jamaica (BOJ) is seeking to impact the cost of foreign exchange while keeping the inflation rate as low as possible.
The foreign exchange rate has a direct impact on inflation – depending on the high the rate is, the price of goods can equally increase. The national debt is far more sensitive to the cost of the US dollar than it is to interest rate…
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