Monthly Economic and Financial Developments (MEFD) June 2025
Published: Monday July 28th, 2025
Economic indicators suggest that the domestic economy sustained its tempered pace of growth during June, as indicators continued to normalize closer to their expected medium-term potential. Tourism output reflected healthy, but moderated activity, as the high value-added stopover segment continued to experience constrained momentum, although the cruise sector registered robust growth. In price developments, average consumer price inflation decreased during the 12 months to April 2025, vis-à-vis the corresponding 2024 period, owing to reduced cost pressures from imported fuel and other goods and services. In monetary trends, banking sector liquidity declined, despite a contraction in domestic credit, which outpaced the reduction in the deposit base. Conversely, external reserves increased, largely supported by the receipt of net proceeds from Government’s external borrowing activities.
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