Economist Says the ECCB Should Do More to Support Montserrat and the Rest of the ECCU
A Local Economist and Financial Expert is of the view that the Eastern Caribbean Central Bank can do more to support member states in fighting the corona virus pandemic.
Manager of the St Patrick’s Cooperative Credit Union, Peter Queeley thinks the central bank should lower its loan discount rates.
Mr Queeley said at this time most banks in the OECS are liquid, making the idea of them borrowing from the ECCB unrealistic. He believes that a lower rate would make things just a bit easier for member Governments.
Mr Queeley also shares his position on the ECCB lending to member Government and the impact this may have on foreign reserves.
Economist and Financial Expert Peter Queeley