Jamaica: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 7.55 percent as of July 2024, no change compared to the previous value of 7.55 percent. Historically, the average for Jamaica from October 2017 to July 2024 is 4.56 percent. The minimum of 3.01 percent was recorded in May 2020, while the maximum of 7.74 percent was reached in January 2024.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Jamaica
Recent values | Jamaica: Bank deposit interest rate, percent |
---|---|
2024  Jul | 7.55 |
2024  Jun | 7.55 |
2024  May | 7.49 |
2024  Apr | 7.56 |
2024  Mar | 7.63 |
2024  Feb | 7.74 |
2024  Jan | 7.74 |
2023  Dec | 7.73 |
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Definition: The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.
Related indicators | Latest | Reference | Measure |
---|---|---|---|
Inflation | 6.5 | 2023 | percent |
Exchange rate regimes | 7 | 2021 | index points |
USD exchange rate | 157.0045 | 9/2024 | Local Currency Units per USD |
Money supply (broad money) | 1,830.50 | 6/2023 | billion |
Consumer Price Index (CPI) | 140.7000 | 8/2024 | index points |
Inflation, monthly | 2.33 | 8/2024 | percent |
Inflation, annual | 6.43 | 8/2024 | 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 | 7.55 | 7/2024 | percent |
Business credit interest rate | 10.24 | 7/2024 | percent |
Mortgage credit interest rate | 7.45 | 7/2024 | percent |