BANK OF JAMAICA HOLDS POLICY RATE Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered on overnight placements with Bank of Jamaica) unchanged at 0.50 per cent per annum. Monetary policy decisions taken by Bank of Jamaica are aimed at ensuring that the annual increase in the prices of consumer goods and services
May 12, 2021 The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.8% for April 2021, on a seasonally adjusted basis, according to U.S. Bureau of Labour Statistics (BLS). The all-items index rose 4.2% before seasonal adjustment over the last year. The all-items less food and energy index climbed 0.9% in April. The index
May 10, 2021 Jamaica’s Net International Reserves (NIR) totalled US$3,317.98 million as at April 2021, reflecting a decline of US$1.34 million relative to the US$3,319.33 million reported at the end of March 2021 (see figure 1). Foreign Assets totalled US$4,252.04 million, US$8.51 million more than the US$4,243.53 million reported for March 2021. ‘Currency & Deposits’
May 06, 2021 The seasonally adjusted initial claims, advance estimate, decreased by 92,000 to 498,000, for the week ending May 1, from the prior week’s revised level, according to the U.S. Department of Labour (DOL). The prior week’s level was revised up 37,000 from 553,000 to 590,000. In comparison to the previous week’s average, the 4-week
May 04, 2021 The U.S. Bureau of Economic Analysis indicated that, “goods and services deficit was $74.4 billion in March, up $3.9 billion from $70.5 billion in February, revised.” March exports amounted to $200.0 billion, which was more than February exports by $12.4 billion, whereas, March imports amounted to $274.5 billion which was $16.4 billion more than February imports.
May 4, 2021 Government Operations Results for March 2021 For the period of April 2020 to March 2021, the GOJ reported Total Revenues & Grants of $575.36 billion, $1.14 billion less than the Government’s projection. This represented a decrease of approximately 12% relative to the $649.76 billion recorded for the corresponding period in 2020. ‘Capital
April 29, 2021 Real gross domestic product (GDP) rose at an annual rate of 6.4% for the first quarter of 2021 according to the advance estimate released by the Bureau of Economic Analysis (BEA). However, for the fourth quarter of 2020, real GDP had a 4.3% growth. The upward movement in real GDP for the first
April 29, 2021 Portland JSX Limited (PJX) reported net gains on financial assets classified as at fair value through profit and loss of US$2.60 million compared to a gain of US$2.31 in 2020. PJX recorded a net gain on financial assets classified as at fair value through profit and loss for the fourth quarter of US$3.76 million
April 28, 2021 The advance international trade in goods recorded a deficit of $90.6 billion in March 2021, up $3.5 billion from $87.1 billion in February 2021. Exports of goods for March were $142.0 billion, $11.4 billion more than exports reported in February. Imports of goods for March amounted to $232.6 billion, $14.9 billion more
The graph above shows deaths reported since the previous day and the 7-day moving average As of April 23, 2021, the outbreak of the coronavirus disease (COVID-19) had spread across the globe to six continents, and three million people had died after contracting the respiratory virus. Cases now stand at 146,195,099 globally. Locally, the
