Jamaica Lowers Interest Rate by Another 25 bps 📈
The Bank of Jamaica cut its monetary policy rate by 25 basis points to 6% in December 2024, continuing its easing cycle as inflation remained within the target range.
The decision by the Bank of Jamaica to cut its monetary policy rate is a positive development for the investment portfolio, as it indicates a stable and favorable economic environment in Jamaica. The easing of monetary policy, coupled with inflation remaining within the target range, suggests a supportive environment for investments, particularly in the Jamaican market and related assets. While there are some risks acknowledged, the overall impact on the portfolio is moderate and positive, as the portfolio includes exposure to the Jamaican market and broader emerging markets.