Barbados raises reserve requirements for first time in a decade
Acting governor holds first press conference since 2014 on state of economy
From June 15, banks in Barbados must hold 15% of their domestic deposits in Barbadian dollar securities, after the central bank increased its reserve requirement ratio on May 9. Acting governor Cleviston Haynes held a press conference – the first held by the bank since 2014 – to announce the monetary policy change. Such a change, Haynes said, was needed to help the government “to address the situation of the size of the deficit and how it is financed”.
The increase is the first since 2007 when
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