KINGSTON, Jamaica October 1, 2024 - Bank of Jamaica’s (BOJ’s) Monetary Policy Committee (MPC), at its meetings on 26 and 27 September 2024, decided to: (i) reduce the policy rate by 25 basis points (bps) to 6.50 per cent per annum, effective 01 October 2024, and manage domestic liquidity accordingly; and (ii) continue to take measures to preserve relative stability in the foreign exchange market.
