Durrant Pate/Contributor

Liquidity in Jamaica’s money market declined modestly, as measured by the aggregated current balances held by Deposit-Taking Institutions (DTIs).

The data showed that the money market ended last week with the total aggregate current balance amounted to J$49.50 billion, marking a 4.6% decrease compared to the previous week.

The Bank of Jamaica’s (BOJ) weekly 30-day Certificate of Deposit (CD) auction was oversubscribed with total bids amounted to J$36.23 billion, well above the $24 billion issue size, implying a bid-to-offer ratio of 1.51x. 

This represents an increase from the previous week’s 1.27x ratio, as the offer size declined (-31.4%) much more than the bid amount (-18.4%). The average yield on the 30-day CD Auction was 5.74%, which is four basis points below the 5.78% recorded in the previous week. 

There was a CD auction today but the BOJ did not conduct any 14-day repurchase last week with repo auctions resuming on Monday, April 13, 2026.

In the foreign exchange market….the Jamaican dollar depreciated by 0.17%, with the USD selling rate moving from J$158.92  to J$159.18  last Friday. The depreciation was driven by increased demand for USD from both end-users and dealers.