Jamaica: Business credit interest rate
* indicates monthly or quarterly data series
The most recent value is 10.99 percent as of October 2024, an increase compared to the previous value of 10.78 percent. Historically, the average for Jamaica from April 1996 to October 2024 is 17.5 percent. The minimum of 9.05 percent was recorded in August 2022, while the maximum of 41.7 percent was reached in July 1996.
Click on the following link to see the values of: Business credit interest rate around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Jamaica
| Recent values | Jamaica: Business credit interest rate, percent |
|---|---|
| 2024 Oct | 10.99 |
| 2024 Sep | 10.78 |
| 2024 Aug | 11.27 |
| 2024 Jul | 10.23 |
| 2024 Jun | 10.17 |
| 2024 May | 10.2 |
| 2024 Apr | 10.17 |
| 2024 Mar | 11.6 |
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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.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 6.5 | 2023 | percent |
| Exchange rate regimes | 5 | 2022 | index points |
| USD exchange rate | 158.5374 | 11/2024 | Local Currency Units per USD |
| Money supply (broad money) | 1,830.50 | 6/2023 | billion |
| Consumer Price Index (CPI) | 140.5000 | 10/2024 | index points |
| Inflation, monthly | 0.00 | 10/2024 | percent |
| Inflation, annual | 4.93 | 10/2024 | percent |
| Private sector credit | 1,323.60 | 7/2024 | billion |
| Business credit | 647.12 | 7/2024 | billion |
| Household credit | 676.47 | 7/2024 | billion |
| Deposit interest rate | 7.29 | 10/2024 | percent |
| Business credit interest rate | 10.99 | 10/2024 | percent |
| Mortgage credit interest rate | 7.44 | 10/2024 | percent |