Jamaica: Business credit interest rate

(measure: percent, source: Bank of Jamaica)

* indicates monthly or quarterly data series

Business credit interest rate, percent in Jamaica, April 1996 - March 2022:

For that indicator, we provide data for Jamaica from April 1996 to March 2022. The average value for Jamaica during that period was 18.27 percent with a minimum of 9.11 percent in May 2021 and a maximum of 41.7 percent in July 1996. Click on the following link to see the values of Business credit interest rate, percent around the world.

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* indicates monthly or quarterly data series

Recent values

Longer historical series

Measure: percent
Source: Bank of Jamaica

Definition: The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.