Market Notice
20 December 2021
Bank of Jamaica increases Benchmark Interest Rate
Bank of Jamaica announces that, effective 21 December 2021, the rate offered on overnight balances on the current accounts of deposit-taking institutions, the policy rate, will be increased to 2.50 per cent per annum from 2.00 per cent per annum.
Consequent on the adjustment in this rate, effective Tuesday, 21 December 2021, the rate on the Bank’s overnight Standing Liquidity Facility (SLF) will be increased to 4.50 per cent per annum from 4.00 per cent per annum. The rates on the Bank’s weekly 14-day repurchase operations and 30-day Certificate of Deposit (CD) will continue to be determined by auction.
