February 1, 2024 The Bank of England’s Monetary Policy Committee (MPC) at its meeting ended January 31, 2024, voted to maintain the Bank Rate at 5.25%, as opposed to increasing or decreasing the bank rate by 0.25 percentage points. The MPC believes that the bank rate will help sustain growth and employment, and ultimately meet
January 26, 2024 The Jamaica Stock Exchange (JSE) plans to introduce "blue-green" bond products by mid-year as part of Jamaica's initiative to invest US$5 billion by 2050 to combat climate change. These sustainability bonds, labeled "blue" for water and the ocean and "green" for the land, will be the first of their kind in the
January 26, 2024 The International Monetary Fund (IMF) conducted a virtual mission and meetings in Kingston with Jamaican authorities from January 8-18 for the 2024 Article IV consultation and to review the implementation of reforms under the Precautionary and Liquidity Line (PLL) and the Resilience and Sustainability Facility (RSF). Esteban Vesperoni led the IMF
January 26, 2024 Monthly Economic Review - December 2023 Disclaimer: 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
January 25, 2024 On January 25, 2024, the Governing Council made the decision to keep the three key interest rates set by the European Central Bank (ECB) unchanged. Therefore, the interest rate on the main refinancing operations, the marginal lending facility, and the deposit facility will all remain unchanged at 4.50%, 4.75%, and 4.00%, respectively.
January 18, 2024 The Statistical Institute of Jamaica (STATIN) reported that for December 2023, the point-to-point inflation rate was +6.9%; 0.6 percentage points higher than the prior point-to-point inflation rate. However, for the month of December 2023, the inflation rate was +0.5%. The main driver of the monthly increase (0.5%) was a 2.5% rise
January 17, 2024 According to England’s Office of National Statistics (ONS) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 4.2% in the 12 months to December 2023, same as it did in November. The Consumer Prices Index (CPI) rose by 4.0%, up from 3.9% in November. On a monthly basis, CPIH
January 17, 2024 According to the statistical office of the European Union (Eurostat), in December 2023, the Euro area annual inflation rate was 2.9%, up from 2.4% reported in November 2023. The prior year’s rate was 9.2%. Annual inflation in the European Union was 3.4% in December 2023, up from 3.1% in November 2023. The
January 9, 2024 Net International Reserves - December 2023 BOJ has reported that Jamaica's Net International Reserves as at December 31, 2023 stood at US$4,748.14 million, reflecting an increase of US$150.55 million when compared to the US$4,597.58 million reported at the end of November 2023. Foreign Assets totalled US$4,858.54 million, US$131.33 million more than the
January 5, 2024 In December, the U.S. Bureau of Labor Statistics reported a positive trend in total nonfarm payroll employment, showing an increase of 216,000 jobs. The unemployment rate remained steady at 3.7 percent. Job growth was observed in sectors such as government, health care, social assistance, and construction. However, the transportation and warehousing sectors
