BOJ maintains policy rate at 5.75 per cent

The Bank of Jamaica (BOJ) has announced it is holding its policy rate at 5.75 per cent per annum.

It says during meetings on September 25 and 26, its Monetary Policy Committee (MPC) held deliberations on the Bank's stance in the context of continued low domestic inflation, global uncertainties and evolving interest rate trajectories in major developed countries.

Following these deliberations, the MPC determined that the current policy stance continues to be appropriate to support inflation converging to the target range.