Jamaica policy interest rate
Jamaica policy interest rate is 6 percent, in force since 29 Sep 2026, cited to Bank of Jamaica. It was 5.5 percent before that. Last checked against the official source on 27 Oct 2026.
Official source: Bank of Jamaica · Last checked 2026-10-27 · source fingerprint
The Bank of Jamaica policy rate — defined by BOJ as the rate of interest paid on overnight balances held by deposit-taking institutions (DTIs) in their current accounts at Bank of Jamaica. Set by the BOJ Monetary Policy Committee under the Bank of Jamaica Act (as amended 2020, which created the statutory MPC and the inflation-targeting mandate); eight scheduled decision announcements per year.
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Jamaica, as JSON
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# Provenance: https://latamref.dev/provenance/jm/policy-rate| Current value | 6 percent |
|---|---|
| In force from | 2026-09-29 |
| Official source | Bank of Jamaica — Summary of Decisions, September 2026 MPC (meetings of 24 and 25 September 2026) |
| Last verified | 2026-10-27 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Changed, not a reconfirm. August 2026 Summary of Decisions held the rate: The Committee therefore unanimously decided to: (i) maintain the policy rate (the rate offered to deposit-taking institutions (DTIs) on their current account balances at BOJ) at 5.50 per cent per year; and (ii) continue measures to preserve relative stability in the foreign exchange market. https://boj.org.jm/summary-of-decisions-august-2026/ The 2026 policy schedule row for 28 Sep 2026 shows Policy Rate 6.00 and Change 0.50; 19 Aug 2026 shows 5.50 and 0.00; 18 Nov 2026 and 18 Dec 2026 are blank. Press release https://boj.org.jm/monetary-policy-press-release-september-2026/ repeats the same 6.0 per cent effective 29 September 2026 sentence and says the next policy decision announcement is 18 November 2026. No October 2026 decision.
Earlier values
| From | Value | Source |
|---|---|---|
| 2026-02-24 | 5.5 | Bank of Jamaica — Summary of Decisions, February 2026 MPC… |
| 2025-05-21 | 5.75 | Bank of Jamaica — Market Notice: Interest Rate Change, 20… |
| 2024-12-23 | 6 | Bank of Jamaica — Summary of Decisions, MPC meetings of 18… |
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Other Jamaica series: General Consumption Tax (GCT) standard rate · VAT registration threshold · National minimum wage (per 40-hour week) · Public holidays · CPI inflation (point-to-point, year-on-year) · Corporate income tax rate · Withholding tax rates · Statutory interest on judgment debts · Personal income tax rates and threshold · Statutory social-insurance contributions
The same figure elsewhere: Mexico · Nicaragua · Panama · Paraguay · Peru · all 22