July 17, 2025 The euro area’s annual inflation rate was 2.0% in June 2025, up from 1.9% in May. A year ago, the rate was 2.5%. Annual inflation in the European Union rose to 2.3% in June 2025, from 2.2% in May. A year earlier, the rate was 2.6%. Cyprus had the lowest yearly rate (0.5%), followed by France (0.9%) and Ireland (
July 16, 2025 The Statistical Institute of Jamaica (STATIN) released the findings of the April 2025 Labour Force Survey (LFS), which compared current labour market conditions with the same period in 2024. The survey, conducted between April and June 2025 with a reference week of April 6–12, revealed several improvements in employment and reductions in
July 16, 2025 The Statistical Institute of Jamaica (STATIN) reported that as of June 2025, the point-to-point inflation rate was +3.8%; 1.4 percentage points lower than the 5.2% recorded between May 2024 to May 2025. Compared to May 2025, the All-Jamaica Consumer Price Index (CPI) increased by 0.3% in June 2025. The main driver of
July 15, 2025 Cash-strapped Cuba's severe economic crisis shows no signs of easing, Cuban Economy Minister Joaquin Alonso said on Monday, as official media reported that growth fell by 1.1% last year following a 10% decline since 2019. Speaking before the Cuban parliament's economic commission, Alonso said there was little hope for improvement this year,
July 14, 2025 Jamaica has officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank), becoming the 13th Caribbean Community (CARICOM) member state of the African multilateral financial institution. The historic signing took place on the sidelines of the 49th Regular Meeting of the Conference of Heads of Government of the Caribbean Community.
July 11, 2025 Chairman of the Caribbean Community (CARICOM) and Prime Minister of Jamaica, Andrew Holness, has urged the European Parliament to remove Jamaica and Barbados from its list of high-risk jurisdictions for money laundering and terrorist financing. Prime Minister Holness made this appeal during a press conference at the close of the 49th Regular
July 11, 2025 President Donald Trump has announced a sweeping 35% tariff on Canadian imports, effective August 1, intensifying trade tensions with the U.S.'s northern neighbour. The decision, shared via social media and in a formal letter to Canadian Prime Minister Mark Carney, is part of a broader tariff strategy targeting over 20 countries. Trump
July 09, 2025 Barbados is set to become the first nation to use a new standardised debt swap facility designed to help countries redirect funds from high-interest loan payments to development projects, finance officials told Reuters. Dubbed a "debt-for-resilience" facility, the multi-billion dollar program is backed by four major development banks. It is expected that
July 9, 2025 Dr. the Most Hon. Andrew Holness, Prime Minister of Jamaica and Chair of the Caribbean Community (CARICOM), has challenged the Region to think strategically and focus on the values of unity in the current global environment. “As small states, we are vulnerable not just to global economic shocks and natural hazards but
July 9, 2025 Net International Reserves – June 2025 BOJ has reported that Jamaica's Net International Reserves as at June 30, 2025, stood at US$5,835.60 million, reflecting an increase of US$36.02 million when compared to the US$5,799.57 million reported at the end of May 2025. Foreign Assets totalled US$5,864.78 million, US$23.58 million more than the
