Economic Highlights
Date: February 21, 2019 The Bank of Jamaica (BOJ) held its Quarterly Monetary Policy Press Conference today, where the Governor, Mr. Brian Wynter, commented on the Bank’s decision to lower the policy interest rate by 25 basis points to 1.50%. According to the Governor, “this policy decision reflects the Bank’s assessment that inflation will again
Brent Oil Brent oil prices increased by 4.23% or US$2.72, as prices increased this week relative to the prior week. Oil traded on February 21, 2019 at a price of US$67.06 per barrel relative to US$64.34 on February 21, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices 87 Octane prices increased
February 20, 2019 Bank of Jamaica announces its decision to lower the policy interest rate (the rate offered on overnight placements with Bank of Jamaica) by 25 basis points to 1.50 per cent. This decision reflects Bank of Jamaica’s forecast that inflation, which is currently below the target of 4.0 per cent to 6.0 per cent,
February 20, 2019 Bank of Jamaica will reduce the cash reserve requirement by three percentage points to nine per cent effective 01 March 2019. The cash reserve requirement is the amount of money that deposit‐taking institutions are required to hold at Bank of Jamaica against prescribed liabilities. This is the first in a series of reductions that will
Please see attached USA Monthly Economic Review: USA Economic Review - January 2019 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
Date: February 20, 2019 The Planning Institute of Jamaica (PIOJ) Quarterly Press Briefing for October-December 2018. Mr. Wayne Henry, Director General for PIOJ, started the press briefing by providing the main highlights of the macroeconomic performance for the October-December 2018 quarter. The following were noted: Overview of Real Industry Developments For October-December 2018, real GDP
United States: U.S. Push for Stable Yuan May Unwind China's Move Toward Markets President Donald Trump may finally get to deliver on his campaign promise to address China’s management of its currency for what he has insisted is its trade advantage. But it would mean an about-face on almost a decade of global economic policy.
United States: Warning Signs Flash for HSBC, Merrill in Emerging Market Rally The backlash to the world’s most-popular trade is underway -- the emerging market rally has now gone too far, according to HSBC Holdings Plc and Bank of America Merrill Lynch. A combination of potentially hawkish Federal Reserve surprises and already stretched performance has
Date: February 18, 2019 Consumer Price Index – January 2019 The consumer price index for the month of January 2019 recorded a negative inflation rate of 0.2%, following the 0.1% decline in its index for December 2018, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month of January fell
United States: Trump Adds to Carmakers’ Woes as Markets Across Planet Fizzle The tariffs that President Donald Trump may impose on vehicles imported to the U.S. would be just the latest kick in the teeth for carmakers battling cooling markets across the planet. Findings of an investigation into whether imported cars could pose a national
