What is Monetary Policy?
Actions taken by the Central Bank to carry out its primary objective of maintaining price stability
Monetary Policy Instruments
Bank of Jamaica uses a variety of other monetary policy tools to meet its inflation target
Monetary Transmission Mechanism
How Monetary Policy influences inflation
Path to Monetary Policy Decision
Assessment and forecast of key economic indicators for the international economy
Decisions & Schedules
Monetary Policy decisions and schedules
Monetary Policy Rates
Bank of Jamaica current and historical policy rates
Summary of Decisions
Summary of policy decisions made at the MPC meeting as well as the reasons for the decisions
MPC Meeting Minutes
Meeting minutes made at the Monetary Policy Committee (MPC) meetings
Monetary Policy Reports
Discusses 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 Target
The target is 4.0 per cent to 6.0 per cent per annum over the medium term
Missed Target
If inflation falls either below or increases above the set target
