Economy Shrinks in June Quarter – PIOJ


Jamaica Observer: “Economy shrinks in June quarter — PIOJ”

THE Planning Institute of Jamaica (PIOJ) estimates that real GDP for the domestic economy during the June quarter contracted by 0.8 per cent relative to the corresponding period last year, with the goods-producing and services industry declining by 1.6 per cent and 0.9 per cent respectively.


Go-Jamaica: “BOJ cuts CD interest rate again”

The Bank of Jamaica (BOJ) has announced a further cut in the interest rate payable on its 30-day Certificate of Deposit. The Central Bank says the rate has been cut by 50 basis points to 8 per cent.

Inflation Tamed


Jamaica Observer: “Inflation Tamed”

Bolstered by the success of policy reforms, inflation targeting and economic performance that came within projected levels, the Governor of the Bank of Jamaica (BOJ) Brian Wynter yesterday reiterated the Central Bank’s commitment to economic stability


Jamaica Observer: “IMF says JA rebounding from recession”

INTERNATIONAL Monetary Fund (IMF) representative Gene Leon says Jamaica is rebounding from the global recession.


Jamaica Gleaner: “BOJ bullish on economy”

The central bank on Thursday remained upbeat that the Jamaican economy is on the route to recovery, saying that it could even record growth of one per cent this fiscal year.


Jamaica Observer: “Jamaican economy right on track – Shaw “

FINANCE minister Audley Shaw on Wednesday delivered a glowing report card on Jamaica’s economy which he said was in a stable condition with most of the macro economic targets being achieved as outlined in the letter of intent to the International Monetary Fund (IMF).


Jamaica Observer: “Fed to buy US$18 billion in government debt”

THE Federal Reserve announced Wednesday that it will buy US$18 billion worth of government debt in a bid to jumpstart the economic recovery.


Jamaica Observer: “Federal deficit running below last year’s record”

WITH two months to go in the budget year, the US federal deficit is on pace to come in just under last year’s record high in an election year when government spending has drawn voter ire.


Jamaica Observer: “US trade deficit widens”

THE US trade deficit widened sharply in June to the highest level in 20 months on increased imports from China, triggering fresh fears of a slowdown in the world’s largest economy.

JA dollar not overvalued, says IMF representative


Jamaica Observer: “JA dollar not overvalued, says IMF representative”

THE Jamaica dollar is not overvalued reasoned Dr Gene Leon, the International Monetary Fund’s (IMF) senior resident representative in Jamaica, who yesterday added that Jamaica could pass the upcoming quarterly IMF test, save for hurricanes and other external shocks.


Jamaica Observer: “BOJ inflation policy trashed”

FOLLOWING the announcement by Bank of Jamaica (BOJ) Governor Brian Wynter that the Central Bank would be moving towards an Inflation-Targeting Framework (ITF), financial analysts have rubbished the notion as baseless, given Jamaica’s susceptibility to internal and external shocks and the inability to control these forces.


Jamaica Observer: “Banks Penalise Poor Savers”

EVEN as the Bank of Jamaica (BOJ) has reduced the reserve requirements for commercial banks, a new kind of banking fee is making customers pay for having too little money in their accounts.

Is the Jamaica Debt Exchange a turning point for Jamaica?


Jamaica Observer: “Is the Jamaica Debt Exchange a turning point for Jamaica?”

On Wednesday evening, the Financial Services Commission (FSC) put on a timely panel discussion entitled ‘The Jamaica Debt Exchange: The Way Forward’. The opening speaker, Jamaica’s Financial Secretary Dr Wesley Hughes, argued that the Jamaica Debt Exchange (JDX) is a “turning point of Jamaica”, in that it has “turned an unsustainable fiscal situation into a more manageable or favourable one”.


Jamaica Gleaner: “Banks hold rates, eye bad debt in credit-card revamp”

Seeking to resuscitate sagging earnings from credit products, local banks have sought to jazz up their credit-card offerings in a market that is now flat.