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The Central Bank of Barbados has reduced the securities reserve ratio for commercial banks from 20% to 17.5%, effective November 29, 2018.
Central Bank Governor Cleviston Haynes announced the change in his remarks at the opening of a half-day workshop, “Debt Exchange – Risks and Opportunities: Leveraging the Jamaican Experience”.
Noting that the previous requirement of 20%, which went into effect on January 1, 2018, was intended to be a temporary measure until Government could strengthen its public finances, Haynes said that the reduction “reflects the Bank’s commitment to reduce this ratio as Government’s fiscal situation improves” and anticipated that there would be further reductions in the coming months.