Barbados to give more power to central bank

- Central Banking staff
- 04 Oct 2007

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The Central Bank of Barbados could be granted more independence if the country's parliament agrees to pass its latest Central Bank act. The island's authorities will also open a financial services regulator within months.

The Central Bank of Barbados (Amendment) Bill 2007 gives the central bank the right to set interest rates for deposit, and other, liabilities without the consent of the finance ministry.

Clyde Mascoll, the minister of state in the finance ministry, said on Tuesday a more

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