March 21, 2024 The Bank of England’s Monetary Policy Committee (MPC) at its meeting ended March 20, 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%
March 20, 2024 Monthly Economic Review - February 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
March 20, 2024 Kindly click the link below for the results from the BOJ 7.50% FR 30D – CD 20240322 auction: Bank of Jamaica 30-day CD Auction Results The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that
March 20, 2024 The Statistical Institute of Jamaica (STATIN) reported that for February 2024, the point-to-point inflation rate was +6.2%; 1.2 percentage points lower than the prior point-to-point inflation rate. However, for the month of February 2024, the inflation rate was -0.6%. The main drivers of the monthly decrease (0.6%) were a 1.1% decline
March 20, 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 February 2024, down from 4.2% in January. The Consumer Prices Index (CPI) rose by 3.4%, down from 4.0% in January. On a monthly basis, CPIH rose
March 18, 2024 According to the statistical office of the European Union (Eurostat), in February 2024, the euro area annual inflation rate was 2.6%, down from 2.8% reported in January. The prior year’s rate was 8.5%. Annual inflation in the European Union was 2.8% in February 2024, down from 3.1% in January. The rate was
March 13, 2024 In the 2024/2025 Budget Debate, Finance Minister Dr. Nigel Clarke announced plans to increase the capital threshold for companies listed on the Junior Market of the Jamaica Stock Exchange. The threshold will rise from $500 million to $750 million, pending an amendment to the Income Tax Act. According to the Jamaica
March 13, 2024 The Jamaican government has announced significant changes to customs duty thresholds, set to take effect in April. Finance Minister Dr. Nigel Clarke unveiled the adjustments during the opening of the 2024/25 Budget Debate in the House of Representatives. The changes include doubling the duty threshold for personal items from US$50 to US$100
March 8, 2024 Net International Reserves – February 2024 BOJ has reported that Jamaica's Net International Reserves as at February 29, 2024 stood at US$4,698.90 million, reflecting an increase of US$19.81 million when compared to the US$4,679.09 million reported at the end of January 2024. Foreign Assets totalled US$4,808.15 million, US$19.62 million more than the
March 7, 2024 On March 7, 2024, the Governing Council made the decision to keep the three key interest rates set by the European Central Bank (ECB) unchanged. Therefore, the interest rate on the main refinancing operations, the marginal lending facility, and the deposit facility will all remain at 4.50%, 4.75%, and 4.00%, respectively. Since
