Overnight Deposit Rate in Jamaica
The Overnight Deposit Rate ended 2022 at 7.00%, up from the 2.50% end-2021 value and above the reading of 6.25% a decade earlier. For reference, the average Overnight Deposit Rate in Central America and Caribbean was 6.40% at end-2022. For more interest rate information, visit our dedicated page.
Jamaica Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Jamaica from 2024 to 2016.
Source: Macrobond.
Jamaica Interest Rate Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Overnight Deposit Rate (%, eop) | 0.50 | 2.50 | 7.00 | 7.00 | 6.00 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Jamaican interest rate projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable interest rate forecast available for Jamaican interest rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Jamaican interest rate projections.
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