Exchange Rate to remain stable - BoJ

Bank of  Jamaica Governor Brian Wynter is forecasting that the country's exchange rate will remain stable.
  
Mr. Wynter, speaking at the Central Bank's quarterly media briefing on Monday, itemised three conditions which, he said, will contribute to the stability of  the Jamaican dollar: "...the Jamaican dollar no longer over-valued, the improving inflation  outlook, and the resulting narrowing of the inflation differential between Jamaica and the United States."

He cautioned, nevertheless, that "some correction may become necessary, if the US dollar continues its ... trend of strengthening against third currencies."