KINGSTON, Jamaica — The Bank of Jamaica (BOJ) has kept its key interest rate unchanged at 5.5 per cent, saying it is not yet ready to ease its stance because prices are expected to rise further in the short term.

The decision means there is unlikely to be any immediate relief for borrowers hoping for lower interest rates on loans.

The BOJ said inflation, which measures the rate at which prices are rising, reached 5.5 per cent in May 2026. That is still within the central bank’s target range of 4.0 to 6.0 per cent, but warned that inflation is expected to temporarily move above the top of that range in the near term.