USA Monthly Economic Review-October 2019
Date: November 19, 2019 Please see attached USA Monthly Economic Review. USA Economic Review -October 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 of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report. Company Disclosure -The information contained herein has been obtained from sources believed to
Bank of Jamaica holds policy rate
November 19, 2019 Bank of Jamaica (BOJ) announces its decision to hold the policy interest rate (the rate offered on overnight placements with Bank of Jamaica) unchanged at 0.50 per cent per annum, effective Wednesday, 20 November 2019. As with the previous decision announced in September 2019, Bank of Jamaica’s decision today to hold the policy rate unchanged is based on the Bank’s current assessment that monetary conditions are generally appropriate to support the achievement of the inflation target of 4.0 per cent to 6.0 per cent over the ensuing eight quarters. The inflation target was set by the
Review of Jamaica’s Economic Performance July-September 2019
Date: November 19, 2019 The Planning Institute of Jamaica (PIOJ) held their Media Briefing today, discussing the review of the economic performance of Jamaica for the July to September 2019 period. Dr. Wayne Henry, Director General of PIOJ, highlighted the macroeconomic performance for the July-September 2019, mentioning, “real GDP grew by an estimated 0.3 percent relative to the corresponding quarter of 2018.” Growth in Real GDP was due to a rise in the ‘Service Industry’ which recorded an estimated growth of 1.2 percent. However, the ‘Goods Producing Industry’ declined by 2.1 percent. Overview of the Service Industry Performance: Finance &