Central Bank of Jamaica
Central Bank Rate Cuts of 25 Basis Points in Jamaica, Indonesia and Iceland
May 21, 2025
The Bank of Jamaica implemented its fifth 25-basis point reduction since last August. The new rate level of 5.75% contrasts with 7.0% maintained previously from November 2022. The vote to undertake this latest cut was unanimous and, according to a statement, justified because inflation has been inside its 4-6% target since last September and is […] More
Weakness of Bonds and Dollar Extends Further
May 21, 2025
Ten-year sovereign debt yields climbed overnight by six basis points the U.K., France, Italy and Spain, by five basis points in the United States and Germany, and by two basis points in Japan. The weighted DXY dollar index fell 0.5% so far this Wednesday to a two-week low. The intra-day low of 99.4 compares with […] More
Persistent Global Pressure on Prices, Some More Central Bank Hikes, and the Dollar Touches Its Firmest Level Since July 2020
November 17, 2021
The weighted DXY dollar index touched 96.24 overnight, its strongest level since the first week of July 2020, but has settled back to show no net changed. Relative to Tuesday closing levels, the dollar is down 0.3% relative to the kiwi, yuan, peso, and sterling and by 0.1% vis-a-vis the euro, yen and loonie. The […] More
