Jul 30, 2009
Bank of Jamaica Reduces Rates By 150 Basis Points
Effective today, Thursday, 30 July 2009, the Bank of Jamaica will reduce rates offered on all tenors of its open market instruments by 150.0 basis points.
The revised interest rate structure is detailed below:
30-day tenor – previously 16.00 | now 14.50
60-day tenor – previously 16.50 | now 15.00
90-day tenor – previously 19.00 | now 17.50
120-day tenor – previously 19.20 | now 17.70
180-day tenor – previously 20.50 | now 19.00