August 27, 2019 Bank of Jamaica (BOJ) announces its decision to lower the policy interest rate (the rate offered on overnight placements with BOJ) by 25 basis points to 0.50 per cent, effective Wednesday, 28 August 2019. This decision reflects Bank of Jamaica’s assessment that inflation is projected to average 4.3 per cent over
Date: August 26, 2019 Mr. Wayne Henry, Director General for PIOJ in his address to the audience, highlighted the 2017 Poverty Overturn in addition to the perspective on the likelihood of a global recession and how it would affect Jamaica. In regards to Employment Update, the Director General briefly highlighted that for the month of
Date: August 23, 2019 Bank of Jamaica wishes to advise that effective 26 August 2019, it will no longer exchange the Bermuda Dollar at its banking counter. This decision has been taken in a context where the Bank has been unable to repatriate this particular foreign currency. In that regard, after giving value for the
Date: August 23, 2019 According to the latest report published by Bureau of Economic Analysis, based on the operations and finances of U.S. parent companies and their foreign affiliates, worldwide employment by U.S. multinational enterprises (MNEs) increased 0.4% to 42.5 million workers in 2017 from 42.3 million in 2016. In 2017, employment in the United States by
Date: August 22, 2019 The latest report from the U.S. Bureau of Labor Statistics showed that from March 2018 to March 2019, employment increased in 298 of the 355 largest U.S. counties. National employment rose 146.5 million in March 2019, a 1.4% increase over the year. Midland, Texas, had the largest percentage increase in employment
Date: August 22, 2019 Brent Oil Brent oil prices increased by 3.31% or US$1.93, as prices increased this week relative to the prior week. Oil traded on August 22, 2019 at a price of US$60.16 per barrel relative to US$58.23 on August 15, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices
Please see attached USA Monthly Economic Review. USA Economic Review -July 2019 Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of
Date: August 22, 2019 Please see attached Monthly Economic Review. Monthly Economic Review - July 2019 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents
Date: August 21, 2019 Seasonally adjusted production in the construction remained unchanged in the euro area (EA19) and fell by 0.3% in the EU28 in June compared with May 2019. According to Eurostat’s first estimates stated in May 2019, “production in construction decreased by 0.5% in the euro area and by 0.4% in the EU28.
Date: August 16, 2019 Consumer Price Index – July 2019 The consumer price index for the month of June 2019 increased by 1.1%, following a 0.1% decline in its index for June 2019, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month of July rose to 261.2, relative to
