Caribbean Economic Report, April 2022
The IMF is expecting global growth to slow from 6.1% in 2021 to 3.6% in 2022-23 and 3.3% over the medium-term. Jamaica’s inflation reached 10.7% in Feb 2022, prompting the BoJ to raise its policy rate by 50 basis points in March to 4.50%. Similarly, DomRep’s policy rate was raised from 5% to 5.50% in March as annual inflation reached 8.98% in Feb. Moody’s maintained its ba3 rating with a negative outlook for Bahamas in March.