Bank of Jamaica cuts policy rate again


The Bank of Jamaica lowered its policy rate on March 27 in part of its ongoing effort to bring inflation back up to target.

The central bank reduced the rate by 25 basis points to 1.25%, after cutting rates by the same amount in February. In the February meeting it also doubled down on its effort to raise inflation by announcing a reduction in reserve requirements, which took effect on March 1.

The central bank said it aims to get inflation back to the  target range of 4–6% by December 2020. 

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: