Bank Of Jamaica Cuts Rates. Why Aren’t Customers Feeling It?
The Bank of Jamaica (BOJ) can cut its policy rate, but it cannot force commercial banks to immediately make loans cheaper. That gap is now getting attention after outgoing BOJ Governor Richard Byles suggested the central bank may need to play a more active role in ensuring monetary-policy changes reach borrowers and savers. During 2025, […]
Jamaica’s Credit Card Balances Hit Record J$94 Billion—More Than Double Since 2017
Jamaica’s credit-card balances reached a record J$94 billion in April 2026, more than double the J$40.2 billion recorded in 2017. With 435,883 credit cards in circulation at the end of 2025, credit has become a much bigger part of household finances. The real concern is the cost. Credit-card interest rates can reach roughly 35% to […]