Interest Rates

Current Deposit & Loan Rates - These rates are compiled from information reported by the commercial banks to the Economic Information and Publications Department. The rates of interest being offered on time deposits relate to amounts J$100,000 and over. The savings rate represents an average range of rates offered on all categories of savings deposits. The average lending rate is a simple average of the range of interest rates offered on demand loans only. Domestic Interest Rates (Commercial Banks Weighted Deposit Rates) - Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all local currency deposits and loans extended at non zero rates of interest. Domestic Interest Rates (Commercial Banks Weighted Time Deposit Rates) - Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all local currency deposits and loans extended at non zero rates of interest. Domestic Interest Rates (Commercial Banks Weighted Loan Rates) - Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all local currency deposits and loans extended at non zero rates of interest. Foreign Currency Interest Rates (Commercial Banks Weighted Time Deposit Rates) - Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all foreign currency deposits and loans extended at non zero rates of interest. Foreign Currency Interest Rates (Commercial Banks Weighted Loan Rates) - Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all foreign currency deposits and loans extended at non zero rates of interest. Comparative Bank Rates & Treasury Bill Rates - The average discount rate on three-month Treasury Bills or six month Treasury Bills in the case of Jamaica. The average discount rates for respective countries are sourced from the International Financial Statistics, an International Monetary Fund publication. Private Money Markets Interest Rates BOJ Interest Rates On Lending Facilities For DTI's - These interest rates fall under the Enhanced Liquidity Management Framework (ELMF), which was implemented by the Bank in 2013, for DTI. Source: http://boj.org.jm/statistics/econdata/stats_list.php?type=5

Data and Resources

Field Value
dcat_issued 2016-06-30
dcat_modified 2016-07-05
dcat_publisher_name Bank of Jamaica
guid e412faa9-36eb-4390-a49b-138f5afdf65a
Tags
  • Banking
  • Business
  • Statistics
isopen False
metadata_created 2025-09-19T01:32:29.249830
metadata_modified 2025-11-24T19:19:49.430936
notes <p><strong>Current Deposit &amp; Loan Rates</strong> - These rates are compiled from information reported by the commercial banks to the Economic Information and Publications Department. The rates of interest being offered on time deposits relate to amounts J$100,000 and over. The savings rate represents an average range of rates offered on all categories of savings deposits. The average lending rate is a simple average of the range of interest rates offered on demand loans only.</p> <p><strong>Domestic Interest Rates (Commercial Banks Weighted Deposit Rates)</strong> - Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all local currency deposits and loans extended at non zero rates of interest.</p> <p><strong>Domestic Interest Rates (Commercial Banks Weighted Time Deposit Rates)</strong> - Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all local currency deposits and loans extended at non zero rates of interest.</p> <p><strong>Domestic Interest Rates (Commercial Banks Weighted Loan Rates)</strong> - Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all local currency deposits and loans extended at non zero rates of interest.</p> <p><strong>Foreign Currency Interest Rates (Commercial Banks Weighted Time Deposit Rates)</strong> - Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all foreign currency deposits and loans extended at non zero rates of interest.</p> <p><strong>Foreign Currency Interest Rates (Commercial Banks Weighted Loan Rates)</strong> - Compiled from monthly reports submitted by the commercial banks. These rates are based on actual volumes of all foreign currency deposits and loans extended at non zero rates of interest.</p> <p><strong>Comparative Bank Rates &amp; Treasury Bill Rates</strong> - The average discount rate on three-month Treasury Bills or six month Treasury Bills in the case of Jamaica. The average discount rates for respective countries are sourced from the International Financial Statistics, an International Monetary Fund publication.</p> <p><strong>Private Money Markets Interest Rates</strong></p> <p><strong>BOJ Interest Rates On Lending Facilities For DTI's</strong> - These interest rates fall under the Enhanced Liquidity Management Framework (ELMF), which was implemented by the Bank in 2013, for DTI.</p> <p>Source: <a href="http://boj.org.jm/statistics/econdata/stats_list.php?type=5" target="_blank">http://boj.org.jm/statistics/econdata/stats_list.php?type=5</a></p>
num_resources 9
num_tags 3
title Interest Rates
url http://data.gov.jm/dataset/interest-rates