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Central Bank releases MEFD September 2014

Indications are that the Bahamian economy’s mildly positive growth pace was sustained during the review month, supported by an improving tourism performance and foreign investment related construction activity, according to The Central Bank of The Bahamas' Monthly Economic and Financial Developments report for September released last week. 

Source:
Date:
Updated:
Central Bank of The Bahamas
Tuesday, November 11, 2014
Tuesday, November 11, 2014

Indications are that the Bahamian economy’s mildly positive growth pace was sustained during the review month, supported by an improving tourism performance and foreign investment related construction activity.

Gains were recorded in both air and sea arrivals, underpinned by targeted promotional campaigns to increase airlift to key domestic destinations.


Nevertheless, signs are that labour market conditions remained challenging, owing to the narrowness of the recovery.

Amid relatively stable to declining global oil prices, domestic inflation was subdued over the twelve-months to August—advancing, marginally, by 0.3 of a percentage point to 1.00%.

In monetary developments, both liquidity and external reserves contracted in September, reflecting the traditional increase in foreign currency demand in the latter half of the year.

For full text reading, please download/view the attached document.

This is an excerpt from Central Bank of The Bahamas as it appeared on November 11, 2014. For updates or to read the current version of this post in its entirety, please click here.

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