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BOJ Flags Higher Inflation Risk After Hurricane Melissa, Maintains 5.75% Rate
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BOJ flags higher inflation risk after Hurricane Melissa, maintains 5.75% rate
The Bank of Jamaica (BOJ) has held its policy interest rate at 5.75 per cent, citing heightened inflation risks stemming from the more severe-than-expected economic impact of Hurricane Melissa. The policy rate is the interest rate the Bank of...
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Monetary Policy Press Release – December 2025 » Bank of Jamaica
BANK OF JAMAICA HOLDS POLICY RATE AMIDST HIGHER HURRICANE-RELATED INFLATION RISK During its meetings on 16 and 17 December 2025, Bank of Jamaica’s (BOJ’s) Monetary Policy Committee (MPC) expressed concern that the impact of Hurricane Melissa on the economy was more pronounced than initially anticipated, creating a greater risk that the inflation impact could be larger. More recent estimates indicate that damage to roads, buildings, the electrici…
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