Domestic Interest Rates – Commercial Weighted Loan Rates 1996 to 2012

    *Data Extracted from the Bank of Jamaica website 

    **At end of November 2006, mortgage credit offered by one commercial bank was fully liquidated. Due to its heavy weight in the commercial bank mortgage portfolio, this resulted in a sharp fall in the overall weighted mortgage rate of commercial banks.

    The charts are based on figures submitted by commercial banks in monthly reports to the BOJ.  The motion chart represents the rate at year end, except in the current year which is represented by the most recent quarterly rate. 

    They are weighted based on the actual volume of all loans made by these entities and show the change in these rates over the last 16 years. 

    This chart will be updated quarterly.