Jamaica’s central bank cut its policy rate by 25 bps to 6.25%, marking the fourth consecutive reduction since July. This decision was driven by improved inflation conditions, with annual inflation falling to 4.9% in October, within the target range of 4.0% to 6.0%. Core inflation remained steady at 4.5%. Inflation is expected to stay within the target range over the next two years, supported by falling international prices and inflation in key trading partners.