ECCB Monetary Council Convenes 107th meeting today

The Governor of the Eastern Caribbean Central Bank (ECCB), Timothy N. J. Antoine, will present the Report on Monetary, Credit and Financial Conditions in the Eastern Caribbean Currency Union (ECCU) when the 107th Meeting of the ECCB Monetary Council convenes at the ECCB Headquarters in Saint Christopher (St Kitts) and Nevis today, February, 16, 2024. And, at the end of the meeting, the ECCB Governor, along with chairman of the Eastern Caribbean Currency Union (ECCU), Minister of Finance of St Vincent and the Grenadines, Camillo Gonsalves, will host a news conference where they will field questions from media representatives.

The Governor’s report will include an analysis of the ECCU’s macroeconomic developments and monetary and financial stability. It will also include an update on the ‘Greening of the Financial System’ and the process underway for the determination of the new images on the EC currency.

The Council will also receive an update on key legislative matters and discuss the progress towards the establishment of a coordinating Regional Standards Setting Body for all financial institutions in the ECCU.

During the meeting, the Council Members will receive and discuss reports from the Technical Core Committee on Insurance, the Eastern Caribbean Asset Management Corporation and the Eastern Caribbean Partial Credit Guarantee Corporation.

Following the meeting, Gonsalves, the member for Saint Vincent and the Grenadines, will present the Communiqué and host the media conference alongside the ECCB Governor. The ECCU is the highest decision making body of the ECCB.