BOJ flags two quarters of above-target inflation, signals readiness to raise rates

The Bank of Jamaica (BOJ) expects inflation to climb above its six per cent target ceiling for at least two consecutive quarters and warned it stands ready to adjust interest rates if price pressures prove persistent."Inflation in Jamaica is therefore forecast to trend upwards over the June and September 2026 quarters beyond the 6.0 per cent upper limit of the Bank's target range. This will be mainly driven by supply and cost pressures," said BOJ Governor Richard Byles on Tuesday at the BOJ's quarterly monetary policy press conference in Mandeville.

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