BASSETERRE, St. Kitts, Governor of the Eastern Caribbean Central Bank (ECCB), Timothy Antoine, says 2022 has been a tough year and that even as the region navigates the lingering effects of the coronavirus (COVID-19) pandemic,” it is confronting high and stubborn inflation that is decimating the income of our most vulnerable households and businesses.”
In a Christmas message, Antoine said this inflation spike has also placed ECCU member governments under renewed fiscal pressure as the public finances were starting to recover.
The ECCB serves as a central bank for Antigua and Barbuda, Dominica, Grenada, St. Lucia, St. Vincent and the Grenadines, St. Kitts-Nevis, and Montserrat.
Antoine said despite the challenges of 2022, the Eastern Caribbean dollar (One EC dollar=US$0.37 cents) “remains strong, and our region continued its recovery from the pandemic with a growth of about six percent.
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