When the target is missed

If inflation falls either below the lower end of the target (below 4.0 per cent) or increases above the upper-end of the target (above 6.0 per cent) then the Bank is required to explain to the Minister of Finance and the Public Service and the Jamaican public why the inflation target was missed and the corrective policy actions that will be taken to restore inflation to the target. The Bank is required to notify the Minister of Finance and the Public Service within 60 days of the missed target.

Official Correspondences and Special Reports