Jamaica Tasa De Interés

The Bank of Jamaica’s Monetary Policy Committee decided to hold the policy rate at 5.75% during its November meetings, citing the immediate inflationary impact of Hurricane Melissa and the need to preserve macroeconomic stability. Headline inflation was 2.9% in October and the MPC projected that headline inflation will rise sharply and exceed the 4–6% target over the near term as hurricane-related supply disruptions push up food and other prices, while core inflation is expected to breach the target range by mid-2026. Economic activity is now expected to contract significantly over the near term because of extensive damage to infrastructure and disruption to productive activity and livelihoods, reversing earlier expectations of continued near-term expansion. The MPC noted that inflation risks are skewed to the upside, including higher domestic demand linked to reconstruction spending, stronger inflation expectations, and possible long-term damage to specific industries.