Bank of Jamaica hints rate rises may be ending

Bank of Jamaica
Bank of Jamaica

The Bank of Jamaica’s monetary policy committee indicated that its latest rate increase, announced on August 18, might be its last in the current cycle as inflation is slowing. The MPC increased its policy rate by 50 basis points, bringing it to 6%.

The Jamaican central bank has increased rates at eight consecutive meetings since last September, totalling 550bp in increases. However, the MPC noted that inflation had “peaked earlier and lower than expected in April 2022”, and has fallen since.

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

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