May 27, 2020 During the period January to February 2020 the Jamaica’s imports amounted US$941.1 million decreasing by 14.3% relative to US$1,098.3 million for the corresponding period in 2019 based on data released by the Statistical Institute of Jamaica (STATIN). Revenue from total exports totalled US$238.2 million for the period under review, a decline of
May 26, 2020 Bank of Jamaica’s (BOJ’s) ongoing reform of the foreign exchange (FX) market is poised to take another significant step. The long-awaited electronic FX Trading Platform (FXTP) is almost here. The platform will facilitate real time electronic FX trading and observation of trades between all authorized FX traders - namely Deposit Taking Institutions
May 22, 2020 Fifty states and the District of Columbia posted higher unemployment rates in April based on a report by the Bureau of Labour Statistics (BLS). All 50 states and the District had jobless rate increases from last year. Whereas, there was an increase in the national unemployment rate to 14.7%, over the month
May 21, 2020 Brent Oil Brent oil prices increased by 16.16% or US$5.03, as prices rose this week relative to the prior week. Oil traded on May 21, 2020 at a price of US$36.16 per barrel relative to US$31.13 on May 15, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
May 21, 2020 In April 2020, a month marked by COVID-19 containment measures in all countries, the euro area annual inflation rate stood at 0.3%, a decrease from 0.7% in March, according to the statistical office of the European Union (Eurostat). Compared to the previous year, the rate was 1.7%. Additionally, the European Union annual
May 18. 2020 Monthly Economic Review - April 2020 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
May 18, 2020 USA Economic Review -April 2020 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, is, or
May 17, 2020 The IMF Executive Board approved Jamaica’s request for emergency financial assistance of about US$520 million to help meet the urgent balance-of-payments needs stemming from the COVID-19 pandemic. The Jamaican authorities have adopted timely and targeted measures to boost health spending and mitigate the economic impact of the pandemic, supporting jobs and vulnerable
May 14, 2020 Since mid-March 2020, financial institutions have experienced an extraordinary need for liquidity in order to facilitate portfolio shifts by their customers and to build buffers against growing uncertainty. In response to liquidity needs Bank of Jamaica initiated several measures including the purchase of securities and the extension of short-term lending in order
May 14, 2020 Brent Oil Brent oil prices increased by 3.29% or US$0.97, as prices rose this week relative to the prior week. Oil traded on May 14, 2020 at a price of US$30.43 per barrel relative to US$29.46 on May 07, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
