The new governor of the Bank of Jamaica, Dr R Brian Langrin, assumes office with inflation exceeding forecasts. A decision regarding the interest rate of 5.50% is to be announced
The new governor of the Bank of Jamaica, Dr R Brian Langrin, assumes office with inflation exceeding forecasts. A decision regarding the interest rate of 5.50% is to be announced, as rising prices have reached alarming levels. Langrin, former chief economist of the BOJ, inherits a delicate economic situation, with price pressures notably due to transportation and energy costs.
