October 4, 2023 The Minister of Tourism Edmund Bartlett disclosed that the tourism sector recorded another notable quarter of growth. According to the Jamaica Observer, The Minister quoted preliminary figures from the Jamaica Tourist Board (JTB), noting, "the economic performance figures for the third quarter of the year show that Jamaica continues to shine as
October 3, 2023 Government Operations Results for August 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 2, 2023 The Statistical Institute of Jamaica (STATIN) reported a 2.3% increase in Jamaica's total value added at constant prices in the second quarter of 2023 compared to the same quarter of 2022. Services and Goods Producing Industries grew 2.2% and 2.6%, respectively. The performance reflected the economy's sustained recovery from the adverse effects
October 2, 2023 The Monetary Policy Committee (MPC) of the Bank of Jamaica (BOJ) unanimously agreed to maintain the policy interest rate at 7%. This should maintain tight Jamaican dollar liquidity enable stability in the foreign exchange market. The Committee’s decision is intended to ensure that the country’s inflation rate continues to trend downward to the
September 21, 2023 The Bank of England’s Monetary Policy Committee (MPC) at its meeting ended September 20, 2023 voted to maintain the Bank Rate at 5.25%, as opposed to increasing the bank rate to 5.5%. The MPC also decided to reduce the stock of UK government bond purchases by 100 billion pounds to a total
September 21, 2023 Monthly Economic Review - August 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
September 20, 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 August 2023, down from 6.4% in July. The Consumer Prices Index (CPI) rose by 6.7%, down from 6.8% in July. On a monthly basis, CPIH rose
September 20, 2023 According to the statistical office of the European Union (Eurostat), in August 2023, the Euro area annual inflation rate was 5.2%, down from 5.3% reported in July 2023. The prior year’s rate was 9.1%. Annual inflation in the European Union was 5.9% in August 2023, down from 6.1% in July 2023. The
September 18, 2023 The Statistical Institute of Jamaica (STATIN) reported that the All-Jamaica Consumer Price Index (CPI) increased by 6.8% for August 2023 compared to August 2022. However, for the month of August 2023, the inflation rate was +1.0%. The main driver of the monthly increase (1.0%) was a 1.4% rise in the index
September 14, 2023 Effective September 14, 2023, the Governing Council made the decision to raise the three key interest rates set by the European Central Bank (ECB) by 25 basis points. Therefore, effective September 20, 2023, the interest rates on the main refinancing operations, the marginal lending facility, and the deposit facility will all be
