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Monetary Policy Press Release – February 2026 » Bank of Jamaica

Summary
BANK OF JAMAICA REDUCES POLICY RATE TO 5.50 PER CENT Bank of Jamaica’s (BOJ’s) Monetary Policy Committee (MPC), during its meetings on 19 and 20 February 2026, assessed that the direct impact of Hurricane Melissa on inflation was less severe than initially anticipated. A faster-than-expected improvement in agricultural supplies, along with recent mild exchange rate appreciation, supported lower inflation. Inflation is now projected to generally …
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Bank of JamaicaBank of Jamaica

Market Notice: Interest Rate Change - 23 February 2026 » Bank of Jamaica

Bank of Jamaica Decreases Benchmark Interest Rate Bank of Jamaica announces that, effective 24 February 2026, the rate offered on overnight balances on the current accounts of deposit-taking institutions, the policy rate, will be decreased by 25 basis points from 5.75 per cent per annum to 5.50 per cent per annum.  Consequent on this, effective Tuesday, 24 February 2026, the rate on the Bank’s overnight Standing Liquidity Facility (SLF) will be …

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Bank of Jamaica broke the news in on Monday, February 23, 2026.
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