/Economic Data

BANK OF JAMAICA MAINTAINS POLICY RATE

By |2018-11-19T12:20:32+00:00November 19th, 2018|Economic Data|

Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered on overnight placements with Bank of Jamaica) unchanged at 2.00 per cent. This decision reflects the Bank’s assessment that inflation will approach the upper end of the 4.0 per cent to 6.0 per cent target by June 2019 and will [...]

Consumer Price Index June 2018

By |2018-08-24T18:02:01+00:00August 23rd, 2018|Bulletin, Economic Data|

KINGSTON, July 16, 2018: The All Jamaica Consumer Price Index for June 2018 increased by 0.4 per cent according to the Consumer Price Index (CPI) Bulletin released today by the Statistical Institute of Jamaica (STATIN). The division ‘Housing, Water, Electricity, Gas and Other Fuels’, moved up by 1.2 per cent for the period under [...]

Bank of Jamaica Reduces Policy Interest Rate

By |2018-08-17T06:55:10+00:00April 6th, 2017|Economic Data|

Bank of Jamaica announces that, with effect from 05 April 2017, the rate offered on its 30-day certificate of deposit, the policy rate, will be reduced to 4.75 per cent from 5.00 per cent. The adjustment to the policy rate reflects the Bank’s assessment that inflation for FY2017/18 will be within BOJ’s inflation target [...]

THE PLANNING INSTITUTE OF JAMAICA

By |2018-08-17T06:55:14+00:00February 23rd, 2017|Economic Data|

The Jamaican economy recorded growth of 1.3 per cent for the October–December quarter of 2016.  This represents eight consecutive quarters of economic growth and reflected higher value added from both the Goods Producing and Services Industries. The Goods-Producing Industry grew by 3.0 per cent, while the Services Industry was up by 0.8 per cent.  [...]

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BOJ working to make savings more attractive in J$ than US$

By |2018-08-17T06:55:14+00:00February 23rd, 2017|Economic Data|

Jamaicans’ appetite to invest in US currency has driven the Bank of Jamaica (BOJ) to increase its holdings on the foreign currency deposits of financial institutions, thus creating a disincentive for the banks to take deposits in any other currency but the Jamaican dollar. The BOJ adjustment means that individuals seeking to hedge against [...]

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ECONOMY RECORDS GROWTH IN 2nd QUARTER OF THE FISCAL YEAR – JULY to SEPTEMBER, 2016

By |2016-11-28T12:19:49+00:00November 28th, 2016|Economic Data|

The Director General, Planning Institute of Jamaica, Dr. Wayne Henry, reported at the Institute’s quarterly press briefing, that the economy continued to record growth during the second quarter of the fiscal year. For July–September 2016, real Gross Domestic Product (GDP) is estimated to have increased by 2.2 per cent relative to July–September 2015. Real value [...]

Gross Domestic Product (GDP) Third Quarter 2015

By |2016-01-10T12:39:14+00:00January 10th, 2016|Economic Data|

December 31, 2015 Value added for the Jamaican economy grew by 1.5 per cent when compared to the similar quarter in 2014. This was due to improved performance of 3.9 per cent in the Goods Producing industries and 0.7 per cent in the Services industries. All industries within the Goods Producing industries recorded increased output [...]

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