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Category: Banking

No need to fret over latest Central Bank report, Sinckler says

Minister of Finance Chris Sinckler has sought to calm nerves over yesterday’s report issued by the Central Bank of Barbados (CCB), which showed a faltering economy and international foreign exchange reserves still on shaky ground. In his reaction today to the report, which revealed a 0.7 per cent decline in the economy during the first […]

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Peg to US dollar will take a toll – Rose

Barbados will suffer from a flight of capital to the United States while enduring a rise in interest rates because the currency is pegged to the US dollar which will appreciate soon, according to distinguished economics professor Andrew Rose. Rose said an economic stimulus in the US last year would place pressure on interest rates, […]

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