New Date for Central Bank’s Quarterly Review

Author(s): Central Bank Of Barbados

Created 27 Apr, 2020
Categories General Press Release
Views: 378

The Central Bank of Barbados’ quarterly review and press conference will now be held on Thursday, April 30, 2020 at 9:00 a.m.

At that time, Governor Cleviston Haynes will review how Barbados’ economy performed in the first three months of 2020 and deliver his organisation’s outlook for the economy, which is expected to be heavily impacted by the COVID-19 pandemic.

Late last month, while announcing monetary policy measures that are intended to make it easier for commercial banks to assist their clients, Haynes said, “COVID-19 has had a crippling effect on the global economy. Its impact on global tourism has already led to the suspension of incoming flights to Barbados and the closure of hotels, attractions and restaurants, which in turn has impacted other ancillary sectors. We expect economic activity to contract, bringing with it the potential for significant job losses.”

The press conference will be streamed live on the Central Bank of Barbados’ Facebook page.

Copyright 2020 by Central Bank of Barbados