Jamaica Interest Rate

The benchmark interest rate in Jamaica was last recorded at 5.75 percent. Interest Rate in Jamaica is reported by the Bank of Jamaica. Interest Rate in Jamaica averaged 14.16 Percent from 1996 until 2013, reaching an all time high of 33 Percent in October of 1996 and a record low of 5.75 Percent in February of 2013. In Jamaica, there is no benchmark interest rate. Instead, the Bank of Jamaica engages in open market operations by offering 30-day instruments. This page provides - Jamaica Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.75 5.75 33.00 5.75 5.75 | 2014/06 1996 - 2013 Percent Monthly

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Jamaica Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Interest Rate 5.75 2013-12-31 5.75 33.00 5.75 5.75 2014-06-30 Percent [+]
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Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Jamaica Youth Unemployment Rate at 5.60 Percent  
Youth Unemployment Rate in Jamaica decreased to 5.60 percent in February of 2014 from 6.10 percent in January of 2014. Youth Unemployment Rate in Jamaica is reported by the Ministry of Internal Affairs & Communications.
Jamaica Corporate Tax Rate at 25.00 percent  
The Corporate Tax Rate in Jamaica stands at 25 percent. Corporate Tax Rate in Jamaica is reported by the Tax Admministration of Jamaica.
Jamaica Sales Tax Rate | VAT at 16.50 Percent  
The Sales Tax Rate in Jamaica stands at 16.50 percent. Sales Tax Rate in Jamaica is reported by the Tax Admministration of Jamaica.
Jamaica Inflation Rate at 8.60 Percent  
The inflation rate in Jamaica was recorded at 8.60 percent in February of 2014. Inflation Rate in Jamaica is reported by the Statistical Institute of Jamaica.
Jamaica GDP Growth Rate at 0.80 Percent  
The Gross Domestic Product (GDP) in Jamaica expanded 0.80 percent in the third quarter of 2013 over the previous quarter. GDP Growth Rate in Jamaica is reported by the Statistical Institute of Jamaica.
Jamaica Balance of Trade at -975800.00 USD Thousand  
Jamaica recorded a trade deficit of 975800 USD Thousand in the third quarter of 2013. Balance of Trade in Jamaica is reported by the Bank of Jamaica.
Jamaica Interest Rate at 5.75 Percent  
The benchmark interest rate in Jamaica was last recorded at 5.75 percent. Interest Rate in Jamaica is reported by the Bank of Jamaica.
Jamaica Government Budget at -1.90 Percent of GDP  
Jamaica recorded a Government Budget deficit equal to 1.90 percent of the countrys Gross Domestic Product in 2011. Government Budget in Jamaica is reported by the Caribbean Centre for Money and Finance.
Jamaica Current Account at -409.30 USD Million  
Jamaica recorded a Current Account deficit of 409.30 USD Million in the third quarter of 2013. Current Account in Jamaica is reported by the Bank of Jamaica.
Jamaica Unemployment Rate at 14.90 Percent  
Unemployment Rate in Jamaica decreased to 14.90 percent in the fourth quarter of 2013 from 15.40 percent in the third quarter of 2013. Unemployment Rate in Jamaica is reported by the Statistical Institute of Jamaica.
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