What is Monetary Policy?Actions taken by the Central Bank to carry out its primary objective of maintaining price stability Monetary Policy InstrumentsBank of Jamaica uses a variety of other monetary policy tools to meet its inflation target Monetary Transmission MechanismHow Monetary Policy influences inflation Path to Monetary Policy DecisionAssessment and forecast of key economic indicators for the international economy Decisions & SchedulesMonetary Policy decisions and schedules Monetary Policy RatesBank of Jamaica current and historical policy rates Summary of DecisionsSummary of policy decisions made at the MPC meeting as well as the reasons for the decisions MPC Meeting MinutesMeeting minutes made at the Monetary Policy Committee (MPC) meetings Monetary Policy ReportsDiscusses economic developments and forecast key macroeconomic variables What is Inflation?rate at which the general price level of consumer goods and services in the economy changes over time The Inflation TargetThe target is 4.0 per cent to 6.0 per cent per annum over the medium term Missed TargetIf inflation falls either below or increases above the set target CommunicationTo promote transparency and an understanding of policy initiatives and objectives Stay tuned to our social media channels... Facebook Twitter Youtube Instagram