The Bank of Jamaica's Monitory Policy Committee projects that the initial impact of rising US tariffs on prices in Jamaica will be minimal.
BOJ Governor Richard Byles says in assessing the near-term outlook, the Monitory Policy Committee contemplated the implications for the Jamaican economy, the policies that have been implemented by the US administration to date, and in so doing looked at several scenarios.
From this exercise, the bank's view is that the first round impact of the increase in US tariffs on Jamaican prices will not be significant.
He was addressing the quarterly Monitory Policy Report press conference on Wednesday.
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