The Central Bank of Barbados should abandon its key policy rate and focus on intervening in the market for government debt, according to its governor DeLisle Worrell.
Worrell and four other senior members of staff – Michelle Doyle-Lowe, Anton Belgrave, Darrin Downes and Kester Guy – have released a working paper calling for a radical change in the central bank's conventional monetary policy framework.
At present, the central bank's main policy tool is the minimum deposit rate; the minimum rate o
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