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The Bank of Jamaica participates in open market operations by selling 30-day instruments. Since July 1, 2017, the Bank has altered the benchmark interest rate to the rate paid on overnight deposits held by deposit-taking institutions (DTIs) rather than the rate paid on 30-day certificates of deposit.

A higher than expected figure should be seen as positive (bullish) for the JMD while a lower than expected figure should be seen as negative (bearish) for the JMD.

Source:  Bank of Jamaica
Category:  Interest Rate
Units:  Percent
Impact: Low
Currency: JMD
Latest Release
Previous: 7%
Consensus: 7%
Actual: 7%
Next Release
Date: Dec 20, 21:30
Time left: 18 days