Economic Highlights
BOJ Credit Condition Survey According to the Bank of Jamaica (BOJ), Credit Condition Survey revealed heightened competition in the banking sector arising from the conversion of Jamaica National Building Society to a commercial bank on February 01, 2017. The effect of the conversion lowered the weighted average lending rate to 14.98% from 16.21% in December
Please click below to view Gas Price Movement . Gas Price Movement June 29,2017 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 any disclosure, copying, distribution or taking any action in reliance on the contents of this
Monthly Economic Review - May 2017 Disclaimer: Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s)
The International Monetary Fund reduced its outlook on the world biggest economy, the United States, to 2.1% from 2.3% in its World Economic Outlook in April 2017. The outlook is clouded by important medium-term imbalances according to the Fund. The IMF highlighted that the economic model is not working as well as it could in
Gas Price Movement June 21, 2017 Brent Oil Brent Oil traded at its lowest weekly price for the year closing the week ended June 18, 2017 at US$44.77 per barrel, after opening the year at US$56.82 per barrel. Notably, this is the second lowest price recorded for the Brent over the last 12 months, with
Consumer Price Index- May 2017 The inflation rate for the month May 2017 was 0.1%, following and upward movement of 0.3% in April 2017. The movement was credited to a 0.1% increase in the division ‘Food, Non-Alcoholic Beverages and Tobacco’. The division ‘Transport’ moved up by 0.2%, while the ‘Alcoholic Beverages and Tobacco increased by
This Week in Petroleum: Growing octane needs widen the price spread between premium and regular gasoline In late 2016, the difference between U.S. average retail prices for premium and regular gasoline reached 50 cents per gallon. This price spread has been generally expanding since 2000, and the rate at which the spread has grown has
Net International Reserves Jamaica’s Net International Reserves totaled US$2,672.77 million as at May 2017, reflecting a decrease of US$176.10 million relative to the US$2,848.87 million reported as at the end of April 2017 (see figure 1). Changes in the NIR resulted from a decline in Foreign Assets of US$170.66 million to total US$3,238.72 million. Currency and
Monthly Economic Review - April 2017 Disclaimer: Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed
The inflation rate for the month April 2017 was 0.3%, following and upward movement of 0.4% in March 2017. The movement was credited to a 1.7% increase in the division ‘Transport’ and ‘Food and Non-Alcoholic Beverages’ which moved up by 0.1%. The division ‘Alcoholic Beverages and Tobacco’ moved up by 0.9%, while the ‘Housing, Water,
