Monthly Economic and Financial Developments (MEFD) March 2026
Published: Monday May 4th, 2026
Indications are that during March, the domestic economy’s pace of growth was maintained relative to the same period in 2025, as indicators continued to align with their medium to long-term trends. Tourism sector output sustained healthy gains, with buoyant cruise sector earnings, occurring alongside expanded stopover receipts, despite ongoing capacity constraints. In price developments, average consumer price inflation firmed in 2025, compared to 2024, reflecting increased cost pressures from the import of fuel and other goods and services. Monetary trends for March featured a seasonal buildup in banking sector liquidity, as the growth in the deposit base, contrasted with the contraction in domestic credit. Similarly, external reserves experienced healthy seasonal gains, supported by net foreign currency inflows through the public and private sectors.
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