BOJ Governor Richard Byles cautions against massive wage increases as this could impact rate of inflation

Bank of Jamaica Governor Richard Byles is cautioning against massive wage increases as he said this could impact the rate of inflation.

He gave the warning while speaking at a press conference on Monday (August 21).

According to Governor Byles, if wages are increased significantly, there should be increased productivity.

Meantime, Mr Byles said inflation is expected to continue to decline.


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