Bahamas: base interest rate 2010-2017
The Bahamas is one of the Caribbean countries that have had relatively stable monetary policy rates from 2010 until 2017. Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates. In 2017, the Bahamas' Central Bank set the base interest rate at four percent, down from 4.46 percent a year earlier.