Higher interest rates and recent wage spikes could adversely affect economic targets, said the chair of EPOC, even while asserting that the salary increase for the political director was overdue.

“We have to pay close attention so that our growth targets are not impacted,” said Keith Duncan, chairman of the Economic Programme Oversight Committee at a press briefing on Thursday. “I am not calling — as the chairman of EPOC — for the immediate loosening of policy. I am merely signalling that [there’s] a balancing act,” he said.

https://jamaica-gleaner.com/article/business/20230716/duncan-high-interest-rates-and-wages-potential-threats-economic-targets