November 2, 2023 The Bank of England’s Monetary Policy Committee (MPC) at its meeting ended November 1, 2023, voted to maintain the Bank Rate at 5.25%, as opposed to increasing the bank rate to 5.5%. The MPC believes that the bank rate will help sustain growth and employment, and ultimately meet the 2% inflation target.
October 26, 2023 On October 26, 2023, the Governing Council made the decision to keep the three key interest rates set by the European Central Bank (ECB) unchanged. Therefore, the interest rates 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.
October 23, 2023 Monthly Economic Review - September 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
October 19, 2023 The Statistical Institute of Jamaica (STATIN) reported that the unemployment rate for July 2023 was 4.5%, compared to 6.6% in July 2022. The male unemployment rate declined by 1.8 percentage points to 3.3%, while the female unemployment rate fell by 2.4 percentage points to 5.8%. The number of unemployed persons recorded in
October 19, 2023 The Statistical Institute of Jamaica (STATIN) reported that for September 2023, the point-to-point inflation rate was 5.9%; 0.9 percentage points lower than the prior point-to-point inflation rate due to lower prices for some agriculture produce. However, for the month of September 2023, the inflation rate was +0.5%. The main driver of
October 18, 2023 According to England’s Office of National Statistics (ONS) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 6.3% in the 12 months to September 2023, same rate as in August. The Consumer Prices Index (CPI) rose by 6.7%, same rate as in August. On a monthly basis, CPIH rose
October 18, 2023 According to the statistical office of the European Union (Eurostat), in September 2023, the Euro area annual inflation rate was 4.3%, down from 5.2% reported in August 2023. The prior year’s rate was 9.9%. Annual inflation in the European Union was 4.9% in September 2023, down from 5.9% in August 2023. The
October 12, 2023 The forecast of Jamaica’s growth for 2023 has been cut by the International Monetary Fund (IMF) as depicted in its ‘World Economic Outlook’ October 2023 publication. This resulted from the global long-term consequences of the pandemic, the war in Ukraine, and increasing geoeconomic fragmentation. Additionally, the effects of monetary policy tightening necessary
October 11, 2023 BOJ has reported that Jamaica's Net International Reserves as at September 30, 2023 stood at US$4,716.57 million, reflecting a increase of US$324.46 million when compared to the US$4,392.10 million reported at the end of August 2023. Foreign Assets totalled US$4,846.60 million, US$308.48 million more than the US$4,538.13 million reported in August 2023.
October 06, 2023 In September, the U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment increased by 336,000 jobs, surpassing the average monthly gain of 267,000 over the past year. Key sectors that experienced job growth included leisure and hospitality (+96,000), government (+73,000), health care, professional, scientific, and technical services, and social assistance.
