Jamaica Interest Rate Decision
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
Latest Release
Previous:
6.75%
Consensus:
6.5%
Actual:
6.5%
Next Release
Date:
Nov 21, 21:30
Time left:
44 days
Consensus:
6.25%
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