BOJ raises policy rate to 6% to counter war and weather risks

Finance

Business

September 28, 2026

Share this article

BOJ raises policy rate to 6% to counter war and weather risks

Click to view full size

The Bank of Jamaica (BOJ) raised its benchmark policy interest rate by 50 basis points to 6.0 per cent, effective Tuesday, September 29, to curb inflation amid rising uncertainty.

The bank's Monetary Policy Committee (MPC) took the decision unanimously at its meeting on September 24 and 25.

In a statement on Monday, the BOJ cited international conflicts and dry weather as the main factors behind the increase.

Finance

Business

Need the bigger picture?

Ask Gazette to explain what led here, surface earlier reports, or build a timeline from our coverage.

Open Ask Gazette

Sourced from Jamaica Gleaner. Visit their website to read the full story.

Share this article

Comments (0)

Related stories

See articles related to "BOJ raises policy rate to 6% to counter war and weather risks"

May 26, 2026

BOJ holds policy rate at 5.5 per cent

By Jamaica Gleaner

Jun 29, 2026

Bank of Jamaica holds interest rate steady as inflation nears target ceiling

By Jamaica Gleaner

May 27, 2026

BOJ flags two quarters of above-target inflation, signals readiness to raise rates

By Luke Douglas

Jun 29, 2026

BOJ holds interest rate at 5.5%, warns prices may rise further

By Jamaica Observer

May 26, 2026

BOJ warns inflation could breach target

By Kevin Jackson

May 22, 2026

Inflation pressures mount

By Jason Cross

Jun 17, 2026

Fed’s rate-hike signal could narrow BOJ’s room to cut

By Jamaica Observer

Download our mobile app

The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.

Get it for Android Get it for iOS