The Sixty-sixth meeting of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) was held at the ECCB headquarters in St Kitts and Nevis on 5 March 2010 under the chairmanship of Dr the Honourable Denzil Douglas, Prime Minister and Minister of Finance, St Kitts and Nevis.
Council recognised the presence of the new members. Chief Minister of Anguilla, the Honourable Hubert Hughes was welcomed and congratulated on his recent election victory. Congratulations were also extended to Dr the Honourable Denzil Douglas, Prime Minister of St Kitts and Nevis who returned as Council Member after two years. Council expressed its sincere thanks to those who served in the recent past, namely Dr the Honourable Timothy Harris of St Kitts and Nevis and Mr Victor F. Banks of Anguilla.
Council received the Governor’s Report on Monetary and Credit Conditions in accordance with Article 7(2) of the Eastern Caribbean Central Bank Agreement, 1983. The report outlined developments in monetary and credit conditions in the 12 months ended November 2009 and the outlook for the near to medium term, in the context of the global economic slump and financial market turmoil. More
details of the Communiqué
Following the meeting the Council held a press briefing
with members of the St Kitts and Nevis media. (please see videos parts 1 to 3 below.) |