The benchmark interest rate in Jamaica was last recorded at 7 percent. source: Bank of Jamaica
Interest Rate in Jamaica averaged 10.70 percent from 1996 until 2022, reaching an all time high of 33.00 percent in October of 1996 and a record low of 0.50 percent in August of 2019. This page provides - Jamaica Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
Interest Rate in Jamaica is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Interest Rate is projected to trend around 6.00 percent in 2023 and 5.00 percent in 2024, according to our econometric models.