Monthly Economic and Financial Developments (MEFD) June 2026
Published: Thursday July 30th, 2026
Based on available indicators, the domestic economy continued to expanded at a healthy rate during the month of June, with the pace of gains further normalizing toward their medium-term potential. Tourism output remained robust, underpinned by a rebound in the high value-added stopover segment and ongoing growth in the cruise sector. In terms of the labour market, the unemployment rate decreased in the fourth quarter of 2025, vis-à-vis the previous quarter and the final quarter of 2024, against the backdrop of an expansion in labour force participation. Meanwhile, average consumer price inflation rose during the 12 months to April, relative to the corresponding 2025 period, reflecting increased cost pressures from imported fuel and other goods and services. Monetary trends for June were marked by a negligible decline in the narrow measure of banking sector liquidity, as the build-up in the deposit base mirrored the expansion in domestic credit. However, the growth in external reserves narrowed significantly, underpinned by a notable decline in net foreign currency inflows through the public sector.
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