At today’s auction of Certificate of deposits, Bank of Jamaica received 193 bids amounting to $18.33 billion for $12 billion in 30 days CDs of which 159 bids were successful at an average rate of 6.65 percent, down from 6.75 percent last week and just shy of the Overnight rate of 6.50 percent.
Today’s auction resulted in the total outstanding amount for the 30-day CDs of $131 billion, an increase from last week of $126 billion.
BOJ CD rate drops to 6.65%
October 2, 2024 by Leave a Comment
