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After five consecutive months of deflation, Bermuda’s annual inflation rate turned positive in December. The rate was 0.3 per cent. Consumers paid 0.3 per cent more for a basket of goods and services included in the Consumer Price Index in December t...

Bermuda’s annual inflation rate remained negative for the fifth consecutive month in November at -0.1 per cent. In July 2020, the island recorded its first negative inflation rate since 1965. Consumers paid 0.1 per cent less for a basket of goods and...

Bermuda’s balance of payments current account surplus fell $41 million to $201 million in the third quarter compared to the same period in 2019. This is a measure of Bermuda’s trade with the rest of the world. The decrease in the surplus was due main...

Bermuda does not need to return to the international capital markets to refinance debt this year, but finance minister Curtis Dickinson is monitoring them in case he has to “go early” to achieve a lower rate for the next chunk of maturing debt. Some ...

Bermuda needs to expand its resident and working population to increase its tax base and economic activity, according to business leaders at the Bermuda Chamber of Commerce Breakfast Budget. This could be done in two ways, Arthur Wightman, PwC Bermud...

Bermuda’s financial liabilities stretch far beyond its net debt of $3 billion. It is estimated a further $1.5 billion to $1.7 billion of unfunded liabilities are stored up in the Public Sector Superannuation Fund, the Ministers and Members Legislatur...

A broad measure of Bermuda’s economic activity contracted in the third quarter of 2020, primarily because of restricted economic activity due to the Covid-19 pandemic. Gross domestic product, the value of goods and services generated by the island’s ...

Retail sales volume surged 7 per cent in November as local businesses benefited from more on-island spending. With fewer residents travelling during the pandemic, many retailers have seen a pick-up in sales. November was the fifth consecutive month o...

Plans to develop a National Digital Bank in Bermuda have been discussed by the Financial Policy Council. It welcomed the Government’s efforts to produce a feasibility study and business plan to assess its potential and viability. It also recommended ...

Imports slumped by more than $150 million in the second quarter of last year as the pandemic sparked economic turmoil, figures released today by the Bermuda Government show. The island’s balance of payments surplus – summarising its transactions with...