March 22, 2023 According to the statistical office of the European Union (Eurostat), in February 2023, the Euro area annual inflation rate was 8.5%, down from 8.6% reported in January 2023. The prior year’s rate was 5.9%. Annual inflation in the European Union was 9.9% in February 2023, down from 10.0% in January 2023. A
March 16, 2023 Effective March 16, 2023, the Governing Council took the decision to raise the three key interest rates set by the European Central Bank (ECB) by 50 basis points. As a result, starting on March 22, 2023, the interest rates on the main refinancing operations, the marginal lending facility, and the deposit facility
March 16, 2023 The Statistical Institute of Jamaica (STATIN) reported that the All-Jamaica Consumer Price Index (CPI) increased by 7.8% for February 2023 compared to February 2022. Notably, the was the smallest point-to-point increase since the period ending December 2021. However, for the month of February 2023, the inflation rate was 0.5%. The main driver
March 13, 2023 Silicon Valley Bank (UK) Ltd as of March 13, 2023 has been sold to HSBC Silicon Valley Bank (UK) Ltd. Hongkong and Shanghai Banking Corporation (HSBC) headquartered in London, is the largest bank in Europe and is one of the world’s largest banking and financial services institutions, serving 39 million customers globally.
March 8, 2023 BOJ has reported that Jamaica’s Net International Reserves as at February 28, 2023 stood at US$3,931.63 million, reflecting an increase of US$65.99 million when compared to the US$3,865.64 million reported at the end of January 2023. Foreign Assets totalled US$4,472.09 million, US$55.62 million more than the US$4,416.47 million reported in January 2023.
March 7, 2023 Fitch Ratings on March 7, 2023, revised the Rating Outlook on Jamaica’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) from Stable to Positive, affirming the IDRs at ‘B+’. It was highlighted that the revised Outlook reflects the notable progress with the nation’s debt reduction notwithstanding the effects of the pandemic,
March 1, 2023 Government Operations Results for January 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
February 24, 2023 Monthly Economic Review - January 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,
February 23, 2023 According to the statistical office of the European Union (Eurostat), in January 2023, the Euro area annual inflation rate is 8.6%, down from 9.2% reported in December 2022. The prior year that rate was 5.1%. Inflation in the European Union was 10.0% annually in January 2023, down from 10.4% in December. 5.6%
February 21, 2023 According to England’s ONS (Office of National Statistics) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 8.8% as at January 2023 while the Consumer Prices Index (CPI) rose by 10.1%. CPIH & CPI in December 2022 was 9.2% & 10.5% respectively. Consumer price inflation estimates suggested that the
