May 11, 2023 The Bank of England’s Monetary Policy Committee (MPC) at its May 10, 2023 meeting voted to increase Bank Rate by 0.25 percentage points, to 4.50%, as opposed to maintaining the Bank Rate at 4.25%. Consequently, the MPC continues to address the risk of more persistent strength in domestic price and wage setting,
May 8, 2023 BOJ has reported that Jamaica’s Net International Reserves as at April 30, 2023 stood at US$4,171.83 million, reflecting an increase of US$19.47 million when compared to the US$4,152.36 million reported at the end of March 2023. Foreign Assets totalled US$4,704.95 million, US$20.39 million more than the US$4,684.57 million reported in March 2023.
May 5, 2023 Government Operations Results for March 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 of their
May 4, 2023 Effective May 4, 2023, the Governing Council took the decision to raise the three key interest rates set by the European Central Bank (ECB) by 25 basis points. As a result, starting on May 10, 2023, the interest rates on the main refinancing operations, the marginal lending facility, and the deposit facility
May 3, 2023 The Jamaica Employers’ Federation (JEF) President, David Wan, is expecting the Central Bank to lower the policy interest rate on deposit-taking institutions' overnight placements following the latest inflation rate out-turn, which is within touching distance of the Bank of Jamaica’s (BOJ’s) target range of 4% to 6%. This perspective is in
April 21, 2023 Monthly Economic Review - March 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 of their compensation was,
April 19, 2023 According to England’s Office of National Statistics (ONS) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 8.9% as at March 2023 while the Consumer Prices Index (CPI) rose by 10.1%. CPIH & CPI in February 2023 were 9.2% & 10.4% respectively. The ONS highlighted, “The main drivers of
April 19, 2023 According to the statistical office of the European Union (Eurostat), in March 2023, the Euro area annual inflation rate was 6.9%, down from 8.5% reported in February 2023. The prior year’s rate was 7.4%. Annual inflation in the European Union was 8.3% in March 2023, down from 9.9% in February 2023. A
April 18, 2023 The Statistical Institute of Jamaica (STATIN) reported a 3.8% increase in Jamaica's total value added at constant prices in the fourth quarter of 2022 compared to the same quarter of 2021. Services and Goods Producing industries grew 3.6% and 4.7%, respectively. The economy's continued recovery from the adverse effects of the COVID-19
April 18, 2023 The Statistical Institute of Jamaica (STATIN) reported that the All-Jamaica Consumer Price Index (CPI) increased by 6.2% for March 2023 compared to March 2022. Notably, this was the smallest point-to-point movement since the period ending August 2021. However, for the month of March 2023, the inflation rate was 0.1%. The main driver
