Deposit Interest Rate in Jamaica decreased to 3.20 percent in 2018 from 3.70 percent in 2017.

Deposit Interest Rate in Jamaica averaged 13.49 percent from 1979 until 2018, reaching an all time high of 36.40 percent in 1994 and a record low of 3.20 percent in 2018. This page includes a chart with historical data for Deposit Interest Rate in Jamaica. Deposit Interest Rate in Jamaica - values, historical data and charts - was last updated on October of 2020.

Deposit Interest Rate in Jamaica is expected to reach 3.20 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Jamaica is projected to trend around 3.20 percent in 2021 and 3.70 percent in 2022, according to our econometric models.

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Deposit Interest Rate in Jamaica

Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.70 36.40 3.20 1979 - 2018 percent Yearly

Jamaica Money Last Previous Highest Lowest Unit
Interest Rate 0.50 0.50 33.00 0.50 percent [+]
Deposit Interest Rate 3.20 3.70 36.40 3.20 percent [+]
Money Supply M1 258036.28 256591.03 258036.28 26564.60 JMD Million [+]
Money Supply M2 560699.72 551952.47 560699.72 79732.50 JMD Million [+]
Central Bank Balance Sheet 846555.00 790307.00 846555.00 146770.40 JMD Million [+]
Foreign Exchange Reserves 3520.43 3510.81 3971.17 0.00 USD Million [+]

Deposit Interest Rate in Jamaica
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.