BOJ Says Taxes Will Spur Inflation – But Central Bank Backs IMF Path, deficit target

Posted on by Your Financial FactSheet


Jamaica Gleaner: “BOJ says taxes will spur inflation – But central bank backs IMF path, deficit target”
The Jamaican central bank is forecasting that price increases in the June quarter of the current fiscal year could more than triple the 1.3 per cent inflation out-turn for quarter ended March, fuelled in large measure by the impact of the more than $18 billion in new taxes imposed by the Government.


Jamaica Gleaner: “Analysis – Mistake to ignore calming effect of medium-term targets”
The signals being sent by the Bruce Golding administration is that things are not going to be too bad during the current fiscal year, even though there will be a general slowing down of the overall economy.


Jamaica Gleaner: “BOJ stands by currency policy”
The Bank of Jamaica (BOJ) is not closing the door on making changes to its existing 40-year-old currency policy, which determines when new notes are issued and who adorns them.