In 2017, the Bank of Jamaica set the base interest rate at 4.52 percent, down from 5.1 percent a year earlier. Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates.
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Economic Commission for Latin America and the Caribbean. (December 24, 2018). Monetary policy rate in Jamaica from 2010 to 2017 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1061212/jamaica-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean. "Monetary policy rate in Jamaica from 2010 to 2017." Chart. December 24, 2018. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1061212/jamaica-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean. (2018). Monetary policy rate in Jamaica from 2010 to 2017. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1061212/jamaica-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean. "Monetary Policy Rate in Jamaica from 2010 to 2017." Statista, Statista Inc., 24 Dec 2018, https://www.statista.com/statistics/1061212/jamaica-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean, Monetary policy rate in Jamaica from 2010 to 2017 Statista, https://www.statista.com/statistics/1061212/jamaica-monetary-policy-rate/ (last visited December 22, 2024)
Monetary policy rate in Jamaica from 2010 to 2017 [Graph], Economic Commission for Latin America and the Caribbean, December 24, 2018. [Online]. Available: https://www.statista.com/statistics/1061212/jamaica-monetary-policy-rate/
