May 9, 2024 The Bank of England’s Monetary Policy Committee (MPC) at its meeting ended May 8, 2024, voted to maintain the Bank Rate at 5.25%, as opposed to reducing the bank rate by 0.25 percentage points. The MPC believes that the bank rate will help sustain growth and employment, and ultimately meet the 2%
May 9, 2024 According to the Central Bank of Barbados, despite facing challenges such as elevated foreign interest rates, geopolitical tensions, higher freight costs, and adverse local weather conditions, Barbados' economy demonstrated growth in early 2024, further strengthening key economic aggregates like the current account balance and debt-to-GDP ratio. During the first quarter of 2024,
May 9, 2024 First estimates from Eurostat, the European Union's statistical office, show that seasonally adjusted services production rose by 1.1% in the EU and by 1.0% in the Euro Area in February 2024 compared to January 2024. The production of services increased by 0.8% in the euro region and by 0.3% throughout the EU in
May 8, 2024 According to Caribbean News Global, The World Bank Group's board of directors endorsed a strategic partnership for Jamaica, focusing on green, resilient, and inclusive development for the 2024-2027 period. The plan supports debt reduction and fiscal resilience, with priorities including boosting human capital, creating higher-quality jobs, and strengthening resilience to shocks. Jamaica,
May 8, 2024 Net International Reserves – April 2024 BOJ has reported that Jamaica's Net International Reserves as at April 30, 2024 stood at US$5,102.29 million, reflecting a decrease of US$35.00 million when compared to the US$5,137.29 million reported at the end of March 2024. Foreign Assets totalled US$5,196.37 million, US$35.39 million less than the
May 6, 2024 Government Operations Results for March 2024 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
April 30, 2024 According to the Jamaica Observer, The Government of Jamaica, with the assistance of the World Bank, has secured US$150 million in insurance coverage against tropical cyclones through a catastrophe bond. Following a similar undertaking in 2021, this is the second time such a bond has been issued for Jamaica, with 15 global
April 24, 2024 Monthly Economic Review - March 2024 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
April 17, 2024 The Statistical Institute of Jamaica (STATIN) reported that for March 2024, the point-to-point inflation rate was +5.6%; 0.6 percentage points lower than the prior point-to-point inflation rate. However, for the month of March 2024, the inflation rate was -0.5%, the third consecutive monthly decline. The main driver of the monthly decrease
April 17, 2024 According to England’s Office of National Statistics (ONS) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 3.8% in the 12 months to March 2024, same as it did in February. The 12 months Consumer Prices Index (CPI) rose by 3.2%, down from 3.4% in February. On a monthly
