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<TABLE cellSpacing=0 width="100%" border=0><TBODY><TR><TD class=news_byline></TD></TR><TR><TD style="HEIGHT: 9px"></TD></TR><TR><TD class=news_summary><TABLE><TBODY><TR><TD><TABLE cellPadding=0 align=left><TBODY><TR><TD></TD></TR><TR><TD class=news_imagecaption></TD></TR></TBODY></TABLE><SPAN class=news_summary>The Central Bank remains upbeat about the country's economic prospects despite the recent pressure on the Jamaican dollar. </SPAN>
<SPAN class=news_body><SPAN class=kLink style="FONT-WEIGHT: 400; FONT-SIZE: 10pt; COLOR: blue! important; FONT-FAMILY: Verdana,Arial; POSITION: relative">Central </SPAN><SPAN class=kLink style="FONT-WEIGHT: 400; FONT-SIZE: 10pt; COLOR: blue! important; FONT-FAMILY: Verdana,Arial; POSITION: relative">Bank</SPAN> Governor Derrick Latibeaudiere says the country is now seeing sustained stability in the macro-economic environment with indications of economic vitality.
Addressing the bank's quarterly briefing Wednesday morning, <SPAN class=kLink style="FONT-WEIGHT: 400; FONT-SIZE: 10pt; COLOR: blue! important; FONT-FAMILY: Verdana,Arial; POSITION: relative">Governor</SPAN> Latibeaudiere noted that inflation for the December quarter was .3 per cent.
This was well below the 2.9 per cent average for December quarters over the past five years.
Governor Latibeaudiere announced that the inflation for 2006 was 5.8 per cent which was the <SPAN class=kLink style="FONT-WEIGHT: 400; FONT-SIZE: 10pt; COLOR: blue! important; FONT-FAMILY: Verdana,Arial; POSITION: relative">lowest </SPAN><SPAN class=kLink style="FONT-WEIGHT: 400; FONT-SIZE: 10pt; COLOR: blue! important; FONT-FAMILY: Verdana,Arial; POSITION: relative">rate</SPAN> of inflation for a calender year since 1981.
Governor Latibeaudiere noted that despite the recent pressure on the dollar the depreciation remained within manageable levels with the <SPAN class=kLink style="FONT-WEIGHT: 400; FONT-SIZE: 10pt; COLOR: blue! important; FONT-FAMILY: Verdana,Arial; POSITION: relative">bank</SPAN> prepared to use the Net International Reserves to stabilize the market.
He told reporters th
<SPAN class=news_body><SPAN class=kLink style="FONT-WEIGHT: 400; FONT-SIZE: 10pt; COLOR: blue! important; FONT-FAMILY: Verdana,Arial; POSITION: relative">Central </SPAN><SPAN class=kLink style="FONT-WEIGHT: 400; FONT-SIZE: 10pt; COLOR: blue! important; FONT-FAMILY: Verdana,Arial; POSITION: relative">Bank</SPAN> Governor Derrick Latibeaudiere says the country is now seeing sustained stability in the macro-economic environment with indications of economic vitality.
Addressing the bank's quarterly briefing Wednesday morning, <SPAN class=kLink style="FONT-WEIGHT: 400; FONT-SIZE: 10pt; COLOR: blue! important; FONT-FAMILY: Verdana,Arial; POSITION: relative">Governor</SPAN> Latibeaudiere noted that inflation for the December quarter was .3 per cent.
This was well below the 2.9 per cent average for December quarters over the past five years.
Governor Latibeaudiere announced that the inflation for 2006 was 5.8 per cent which was the <SPAN class=kLink style="FONT-WEIGHT: 400; FONT-SIZE: 10pt; COLOR: blue! important; FONT-FAMILY: Verdana,Arial; POSITION: relative">lowest </SPAN><SPAN class=kLink style="FONT-WEIGHT: 400; FONT-SIZE: 10pt; COLOR: blue! important; FONT-FAMILY: Verdana,Arial; POSITION: relative">rate</SPAN> of inflation for a calender year since 1981.
Governor Latibeaudiere noted that despite the recent pressure on the dollar the depreciation remained within manageable levels with the <SPAN class=kLink style="FONT-WEIGHT: 400; FONT-SIZE: 10pt; COLOR: blue! important; FONT-FAMILY: Verdana,Arial; POSITION: relative">bank</SPAN> prepared to use the Net International Reserves to stabilize the market.
He told reporters th