The ECCB Predicts Improved Economic Performance For The Currency Union

Antigua and Barbuda, and the other states of the Eastern Caribbean Currency Union, are expected to record improved economic performance this year.

Making the prediction is the Chairman of the ECCU Monetary Council, Dr. Hon. Ralph Gonsalves, Prime Minister of St. Vincent and the Grenadines.

The prediction is contained in a live broadcast aired throughout the ECCU on Tuesday.

Dr. Gonsalves says despite the good news…there are still issues on the horizon that need urgent attention.

Turning to his decision to lower interest rates on savings by May first, Dr. Gonsalves explains that it was done to stimulate economic growth. He says there is much liquidity in the banks…yet loans to the private sector have declined.