Bank of Jamaica 14-Day Auction Result 18 Jan 2021

News Release 18-Jan-21

Auction Results for Bank of Jamaica 14-day Repurchase Operation

Applications were opened on Monday, 18 January 2021 by Bank of Jamaica, for the provision of Jamaica Dollar liquidity, in the amount of JMD 5 500 000 000.00 through repurchases to deposit-taking financial institutions for settlement on Tuesday, 19 January 2021. These repurchases will mature on Tuesday, 02 February 2021.

The results are as follows:

Auction Number : BOJ/R-14/20210118/275
Total Eligible Bids Received	4
Total Value of Eligible Bids Received	$5,500,000,000.00
Total Allocated Bids	$5,500,000,000.00
Weighted Average Interest Rate:	1.25%
Highest Submitted Bid Rate (%) / Amount (JMD)	1.30%	/ $500 000 000.00
Lowest Eligible Bid Rate (%) / Amount (JMD)	1.25%	/ $5 000 000 000.00
Highest Successful Bid Rate (%) / Amount (JMD)	1.30%	/ $500 000 000.00
Lowest Bid for Full Allocation Rate (%) / Amount (JMD)	1.25%	/ $5 000 000 000.00
Bid Rate for Partial Allocation	N/A
Partial Allocation Percentage	N/A

The next auction for 14-day repurchases is scheduled for 25 January 2021.