Jamaica - Lending interest rate

Lending interest rate (%)

The latest value for Lending interest rate (%) in Jamaica was 12.06 as of 2020. Over the past 44 years, the value for this indicator has fluctuated between 49.46 in 1994 and 12.06 in 2020.

Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1976 13.76
1977 13.86
1978 13.68
1979 13.81
1980 15.63
1981 16.07
1982 16.44
1983 16.97
1984 18.53
1985 24.92
1986 27.34
1987 25.45
1988 25.19
1989 25.22
1990 30.50
1991 31.51
1992 44.81
1993 43.71
1994 49.46
1995 43.58
1996 39.83
1997 32.86
1998 31.59
1999 27.01
2000 23.35
2001 20.61
2002 18.50
2003 18.89
2004 18.14
2005 17.36
2006 17.64
2007 17.20
2008 16.83
2009 16.43
2010 20.45
2011 19.51
2012 17.63
2013 17.72
2014 17.22
2015 16.98
2016 16.49
2017 14.91
2018 14.09
2019 13.00
2020 12.06

Classification

Topic: Financial Sector Indicators

Sub-Topic: Interest rates