Wednesday, April 24, 2024

Browne warns interest on savings will fall

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A FORMER SENIOR BANKER  is warning Barbadians that  they are going to get less interest on their savings accounts  when the Central Bank releases  its control for setting this  interest rate.

This is the contention of Mariano Browne who told the SUNDAY SUN, “Monetary policy even  when in large countries with  wider and deeper financial  markets is a blunt and often ineffective instrument. In the Caribbean it is even of less influence except when used in combination with fiscal policy.”

Please read the full story in today’s Sunday Sun, or in the eNATION edition.

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