Bank prints $114m
THE CENTRAL BANK has defied its critics and printed a further $114 million to help ease “pressure” on Government’s cash flow needs.
And while reporting that the Barbados economy grew by 1.3 per cent in the nine month period ended September 30, the bank has lowered its overall 2016 growth projection for the second consecutive quarter.
Governor Dr DeLisle Worrell gave the mixed report card yesterday. He also served notice that the Barbados economy would likely grow by no more than two per cent annually for the next five years.
A significant portion of the review concentrated on Government’s continued fiscal challenges, efforts to fix it, and its source of financing.
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