Jamaica Interest Rate  1996-2018 | Data | Chart | Calendar | Forecast

The Bank of Jamaica left its benchmark interest rate unchanged at 2.0 percent at its October meeting, saying inflation will be on the 4.0 percent to 6.0 percent target by the March 2019 quarter. Policymakers underscored that inflation has been higher than expected, nudged by currency depreciation, higher oil prices and rising agricultural food prices. Consumer prices in Jamaica increased at a much faster pace of 3.9 percent year-on-year in August 2018, following a 3.2 percent jump in the previous month. It was the highest inflation since March. The bank also noted that real GDP growth, although modest, is accelerating mainly supported by faster credit growth. Interest Rate in Jamaica averaged 12.27 percent from 1996 until 2018, reaching an all time high of 33 percent in October of 1996 and a record low of 2 percent in June of 2018.

Jamaica Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-28 02:15 PM Interest Rate Decision 2% 2.50% 2.5%
2018-08-28 11:00 PM Interest Rate Decision 2% 2% 2%
2018-10-02 11:00 PM Interest Rate Decision 2.0% 2% 2%
2018-11-16 09:00 PM Interest Rate Decision 2.0% 2%
2018-12-20 09:00 PM Interest Rate Decision 2%


Jamaica Money Last Previous Highest Lowest Unit
Interest Rate 2.00 2.00 33.00 2.00 percent [+]
Deposit Interest Rate 3.60 3.90 36.40 3.60 percent [+]
Money Supply M1 225973.63 216287.85 225973.63 26564.60 JMD Million [+]
Money Supply M2 496899.21 482483.34 496899.21 79732.50 JMD Million [+]
Central Bank Balance Sheet 668907.46 654819.48 718458.99 146770.39 JMD Million [+]
Foreign Exchange Reserves 3313.66 3351.99 3971.17 0.00 USD Million [+]


Jamaica Interest Rate

In Jamaica, the Bank of Jamaica engages in open market operations by offering 30-day instruments. Since July 1st, 2017, the Bank changed the benchmark interest rate to the rate paid on overnight deposits held by deposit-taking institutions (“DTIs”) from the rate paid on 30-day certificates of deposit. This page provides - Jamaica Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Interest Rate - actual data, historical chart and calendar of releases - was last updated on October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.00 33.00 2.00 1996 - 2018 percent Daily




interest rate by Country
Country Last
Argentina 71.73 Oct/18
Turkey 24.00 Sep/18
Mexico 7.75 Oct/18
Russia 7.50 Sep/18
Brazil 6.50 Sep/18
India 6.50 Oct/18
South Africa 6.50 Sep/18
Indonesia 5.75 Oct/18
China 4.35 Sep/18
Saudi Arabia 2.75 Sep/18
United States 2.25 Sep/18
Australia 1.50 Oct/18
Canada 1.50 Sep/18
South Korea 1.50 Oct/18
Singapore 1.11 Sep/18
United Kingdom 0.75 Sep/18
Euro Area 0.00 Sep/18
France 0.00 Sep/18
Germany 0.00 Sep/18
Italy 0.00 Sep/18
Netherlands 0.00 Sep/18
Spain 0.00 Sep/18
Japan -0.10 Sep/18
Switzerland -0.75 Sep/18


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