Browne warns interest on savings will fall
A FORMER SENIOR BANKER is warning Barbadians that they are going to get less interest on their savings accounts when the Central Bank releases its control for setting this interest rate.
This is the contention of Mariano Browne who told the SUNDAY SUN, “Monetary policy even when in large countries with wider and deeper financial markets is a blunt and often ineffective instrument. In the Caribbean it is even of less influence except when used in combination with fiscal policy.”
Please read the full story in today’s Sunday Sun, or in the eNATION edition.