Bank of Jamaica mortgage rates

Hurricane Beryl made landfall across Jamaica four days ago, devastating southern parishes and exposing the deep vulnerabilities of a housing market already strained by high rates, constrained supply and a 150,000-unit deficit. July 2024’s review examines what the storm means for buyers, renters, and the road ahead.

Publication date: 5 July 2024 | Covering: June 2024 Monthly Briefing BOJ holds overnight rate at 7.00 per cent; June…

Publication date: 5 June 2024 | Covering: May 2024 Monthly Briefing BOJ holds overnight rate at 7.00 per cent at…

Publication date: 5 May 2024 | Covering: April 2024 Monthly Briefing BOJ overnight rate holds at 7.00 per cent; February…

With the Bank of Jamaica’s rate held at 7.00% for eleven consecutive months and a new starter home programme just announced, Jamaica’s housing market in spring 2024 is poised at an inflection point. This review asks what comes next — and whether policy ambition can finally match delivery.

Publication date: 5 April 2024 | Covering: March 2024 Monthly Briefing BOJ holds overnight rate at 7.00 per cent; February…

Publication date: 5 March 2024 | Covering: February 2024 Monthly Briefing BOJ holds overnight rate at 7.00 per cent; February…

Publication date: 5 February 2024 | Covering: January 2024 Monthly Briefing BOJ overnight rate holds at 7.00 per cent; February…

Seven months at peak rates, a record tourism year and an election on the horizon: Jamaica’s housing market begins 2024 waiting for the turn that the data says is coming — but that has not yet arrived.

Publication date: 5 January 2024 | Covering: December 2023 Monthly Briefing BOJ holds overnight rate at 7.00 per cent at…

Publication date: 5 December 2023 | Covering: November 2023 Monthly Briefing BOJ holds overnight rate at 7.00 per cent; December…

Publication date: 5 November 2023 | Covering: October 2023 Monthly Briefing BOJ overnight rate holds at 7.00 per cent; inflation…

With the BOJ rate anchored at 7.00% and global monetary tightening at its most intense in a generation, Jamaica’s housing market in October 2023 is bearing the full weight of a monetary policy that has done its job — but not yet finished paying its price.

Publication date: 5 October 2023 | Covering: September 2023 Monthly Briefing BOJ overnight rate holds at 7.00 per cent; inflation…

Publication date: 5 September 2023 | Covering: August 2023 Monthly Briefing BOJ overnight rate holds at 7.00 per cent; inflation…