Central bank trims benchmark rate to 5.50 per cent as inflation cools faster than expected — but warns that post-storm spending could yet rekindle price pressures.

KINGSTON, JAMAICA — February 24, 2026 - Calvin G Brown

There is a moment in the life of every economy — battered by storm, squeezed by rising prices, and straining to find its footing — when the numbers finally begin to tell a different story. For Jamaica, that moment arrived last week, quietly but decisively, when the Bank of Jamaica’s Monetary Policy Committee (MPC) cut its benchmark interest rate by 25 basis points to 5.50 per cent.