The Monetary Policy Committee of the Bank of Jamaica has decided to keep the policy rate at 5.5% per annum. The new governor explained that current inflationary pressures are seen as temporary, linked to external and administrative factors. Although inflation rose in July, the Bank remains vigilant and ready to act if necessary. Forecasts indicate a gradual stabilization of inflation in the coming months.
The Bank of Jamaica maintains its policy rate at 5.5% despite inflationary pressures
This article was updated at 19:45.