News Release
18 January 2008
SPECIAL VARIABLE RATE CERTIFICATE OF DEPOSIT
On Friday, 18 January 2008, Bank of Jamaica will offer a special 18-month, variable rate
certificate of deposit to banks and primary dealers. The CD will attract a rate of 12.80
per cent for the first 3 months. Thereafter, quarterly interest payments will be made at
the 90-day weighted average Treasury Bill rate applicable at the beginning of each
interest period plus a margin of 1.5 percentage points.
The rates applicable to all other BOJ instruments remain unchanged.
This offer coincides with the maturity of instruments with similar characteristics and will
close on or before Tuesday, 22 January 2008.
Bank of Jamaica