The Bank of Jamaica, BOJ, on Friday said that it foresees inflation rising above the four to six per cent target range over the months of June to September 2023, data which fed into its decision to hold key interest rate steady at 7.0 per cent for the seventh consecutive period.  

Key interest rate, which is the overnight rate that the central bank applies to funds deposited at the BOJ by banking institutions, has sat at 7.0 per cent since 2022.

https://jamaica-gleaner.com/article/business/20230521/boj-expects-inflation-rise-maintains-policy-rate-7#.ZGptpRe1W_c.mailto