August 10, 2022 BOJ has reported that Jamaica’s Net International Reserves as at July 31, 2022 stood at US$3,660.55 million, reflecting a decrease of US$144.20 million when compared to the US$3,804.75 million reported at the end of June 2022. Foreign Assets totalled US$4,243.37 million, US$146.54 million less than the US$4,389.91 million reported in June 2022.
August 4, 2022 Since the May Monetary Policy Report and the preceding Bank of England's Monetary Policy Committee (MPC) meeting, inflationary pressures in the UK and the rest of Europe have increased dramatically. Due to Russia's restriction of gas supply to Europe and the possibility of more restrictions, wholesale gas prices have nearly doubled since
August 3, 2022 Government Operations Results for June 2022 For the period of April to June 2022, the GOJ reported Total Revenues & Grants of $177.18 billion, $13.81 billion more than the Government’s projection. This represented an increase of approximately 1% relative to the $175.38 billion recorded for the corresponding period in 2021. ‘Grants’, ‘Bauxite
August 2, 2022 According to the assumptions used in the June 2022 Eurosystem staff macroeconomic estimates, oil prices in US dollars are anticipated to increase by almost 40% between 2022 and 2024 from their pre-COVID levels (2017-19). The rise in oil prices since 2019 is less dramatic, measured in percentage terms, than the shocks of
July 22, 2022 Crypto-assets are becoming increasingly popular, although they have been operating for more than ten years without having a big impact on the financial system. Since the release of bitcoin in 2008, a wide range of digital assets including stablecoins, decentralised finance (DeFi), and non-fungible tokens (NFTs) as well as a sophisticated and
July 21, 2022 Monthly Economic Review - June 2022 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
July 19, 2022 According to estimates from the statistical office of the European Union (Eurostat), in May 2022, seasonally adjusted production in the construction sector increased by 0.4% in the euro area and by 0.8% in the EU, when compared with April 2022. In April 2022, production in construction fell by 1% in the euro
July 18, 2022 The All Jamaica Consumer Price Index (CPI) increased from 120.9 in May 2022 to 121.8 in June 2022, according to STATIN (The Statistical Institute of Jamaica). Consequently, the inflation rate for June 2022 was 0.8%. The biggest factor contributing to this increase was the division's index for ‘Food and Non-Alcoholic Beverages,’ which
July 15, 2022 The Statistical Institute of Jamaica (STATIN) reported that the unemployment rate for April 2022 was 6.0 per cent compared to 9.0 per cent for the same quarter of 2021, the lowest unemployment rate in Jamaica's history. This was 3.0 percentage points lower than the same quarter of the previous year. The male
July 15, 2022 Venezuela's oil output has remained stagnant, although newly renewed crude exports to Europe have increased exports. Secondary sources from the most recent Organization of Petroleum Exporting Countries (OPEC) report indicate that Venezuela's oil production in June was 706,000 barrels per day (bpd), which was lower than the previous months' outputs of 720,000
