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

The Bank of Jamaica lowered its benchmark interest rate by 50 bps to 2 percent at its June meeting, saying inflation is likely to remain below the target of 4.0 percent to 6.0 percent until the end of the year amid weak domestic demand. The country's annual inflation rate fell to 3.1 percent in May, its lowest level since January 2017, due to stronger-than-anticipated recovery in agricultural supplies following adverse weather shocks in 2017, lower-than-forecast import inflation and weaker-than-expected domestic demand. Interest Rate in Jamaica averaged 12.31 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
2018-04-03 07:30 PM Interest Rate Decision 2.75% 2.75% 2.75%
2018-05-17 11:00 PM Interest Rate Decision 2.50% 2.75% 2.75%
2018-06-28 02:15 PM Interest Rate Decision 2% 2.50% 2.5%
2018-08-28 09:00 PM Interest Rate Decision 2% 2%
2018-10-02 09:00 PM Interest Rate Decision 2%
2018-11-16 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 216287.85 220178.90 220178.90 26564.60 JMD Million [+]
Money Supply M2 482483.34 482255.28 482483.34 79732.50 JMD Million [+]
Foreign Exchange Reserves 3439.79 3426.16 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 August 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
Turkey 17.75 Jul/18
Mexico 7.75 Aug/18
Russia 7.25 Jul/18
Brazil 6.50 Aug/18
India 6.50 Aug/18
Indonesia 5.50 Aug/18
China 4.35 Jul/18
United States 2.00 Aug/18
Australia 1.50 Aug/18
Canada 1.50 Jul/18
South Korea 1.50 Jul/18
United Kingdom 0.75 Aug/18
Euro Area 0.00 Jul/18
France 0.00 Jul/18
Germany 0.00 Jul/18
Italy 0.00 Jul/18
Netherlands 0.00 Jul/18
Spain 0.00 Jul/18
Japan -0.10 Jul/18
Switzerland -0.75 Jul/18


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