Monthly Economic and Financial Developments (MEFD) January 2026

Published: Monday March 2nd, 2026

Indications are that in January, the domestic economy maintained its growth momentum vis-à-vis the same period in 2025, with key economic indicators gradually reverting to their long-term potential. Tourism sector activity continued to expand, with healthy gains in the cruise component occurring alongside improved indicators for the higher value-added stopover segment, which still faced capacity constraints. In monetary developments, banking sector liquidity increased, as the expansion in the deposit base outstripped the rise in domestic credit. Similarly, external reserves experienced seasonal growth supported by net foreign currency inflows through the private sector.

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