Monetary Policy
Bank of Jamaica Increases Policy Rate by 50 Basis Points
29 Sep 2026
The Bank of Jamaica raised its benchmark interest rate by 50 basis points, citing mounting inflationary pressures driven by escalating geopolitical tensions and the impact of El Niño on supply chains.
Why it matters
The move highlights the ongoing struggle of emerging market central banks to contain inflation amid global supply shocks and climate-related volatility, which can impact currency stability and capital flows.