Barbados News Business

Economic society sees Bank move as positive

President of the Barbados Economics Society Dr. Simon Naitram says the recent move by the Central Bank of Barbados to establish new monetary policy measures will give commercial banks the additional ability they need to help both individuals and businesses, through the Covid-19 crisis.

He says ensuring that businesses in particular, remain solvent during the crisis, is very critical to a smooth recovery after the pandemic has passed.

President of the Barbados Economics Society Dr. Simon Naitram

However, he says with the commercial banks already extremely liquid the measures can be viewed as a kind of a back stop.

He believes some additional measures could be tried by the central bank under the circumstances.

President of the Barbados Economics Society Dr. Simon Naitram

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