Bank of Jamaica raises policy rate 50bp to 6.0%

The Bank of Jamaica's MPC unanimously raised its policy rate by 50 basis points to 6.0% at its September 24-25 meeting, signaling continued tightening to address inflation. This marks a further step in the central bank's monetary policy stance, with the decision reflecting persistent price pressures. The move is likely to support the Jamaican dollar and influence domestic borrowing costs.