Monthly Economic and Financial Developments (MEFD) May 2026

Published: Monday June 29th, 2026

Indications are that in May, the domestic economy continued to expand at a healthy pace, with economic indicators normalizing closer to their expected medium-term potential. Tourism earnings indicators firmed in comparison to 2025 supported by strengthened indicators for the higher value-added stopover component and sustained gains in cruise arrivals. In monetary developments, during the review month, the narrow measure of banking sector liquidity contracted, as the expansion in domestic credit outpaced the rise in the deposit base. However, external reserves increased in May, reflective of net foreign currency inflows through the public and private sectors.

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