BOJ increases policy rate to 6% to contain inflation
Finance
Business
September 29, 2026
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KINGSTON, Jamaica — The Bank of Jamaica (BOJ) has increased its policy interest rate by 50 basis points to 6.0 per cent as it moves to contain rising inflation pressures and prevent higher prices from becoming entrenched in the economy.
The decision was taken unanimously by the Monetary Policy Committee (MPC) during meetings held on September 24 and 25, 2026, and takes effect on September 29, 2026.
The policy rate is the interest rate offered by the BOJ to deposit-taking institutions on their current account balances held at the central bank.
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