Now the Central Bank has to use a vacuum cleaner approach and they have done this by going directly to the commercial banking sector.
Dr Dhanayshar Mahabir
banking
The Bank has offered somewhat of a compromise to the commercial banks by offering them interest on the money in the aggregate deposits. This move is some financial juggling on the part of the Bank as they have removed the interest paid on special deposits and have added it to the interest bearing deposit account.
money special banks compromise interest part
He (Governor Williams) also needs to set a target for inflation which should be no higher than our trading partners, which is usually between three and four per cent.
inflation
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