Banner promoting anonymous crime reporting with a phone and contact number 1 800 TIPS (8477), featuring the Crime Stoppers logo and a QR code for submitting tips.

← Back

Your message to the BLOGMASTER was sent

2nd Quarter Central Bank press conference cancelled
2nd Quarter Central Bank press conference cancelled

Central Bank’s second quarter review is scheduled for 15 July 2014.  A visit to the Central Bank website states, “UPCOMING EVENTS, July 15: Release of Analysis of Barbados’ Economic Performance for the first six months of 2014 Time: 2:00 p.m.” BU has been advised that the Central Bank has cancelled the news conference which has become a standard feature of the Governor Worrell’s quarterly review of Barbados’ economic performance.

Surely if there was a time our leaders are required to communicate with Barbadians, and in particular the Governor of the Central Bank, now is the perfect time. The Governor to his credit has faced the music during a challenging economic period and his message has become tired and taken on a political spiel. But what a time to cancel a news conference!

The vacuum that will be created if the cancellation is enforced is likely to force more speculation  – is this a ploy to avoid questions about the Muni Tax? Is it a spill over caused by the spat with the Nation newspaper? The moribund media of Barbados will take another black eye in stride of this we are sure.


Discover more from Barbados Underground

Subscribe to get the latest posts sent to your email.

59 responses to “Central Bank of Barbados Surprisingly Cancels Press Conference”


  1. Central Bank Report text puts a POSITIVE SPIN on the performance, however the numbers show the declines continue. Spin is comparing 2009/12 numbers to 2014 last quarter, and show that last quarter(2014) is only SLIGHTLY better, HUMM not good. 2009/12 period was the worst of the worst and were now only SLIGHTLY better.


  2. Unemployment flat and forex stabilize – good news!

    Next some GDP growth.


  3. @David

    Don’t you find it strange that some 3500 civil servants have been laid off and unemployment indicators are FLAT, Humm, Figures lye and Liars figure.


  4. @David

    Actually the FOREX has reduced by some $126.6M from the same period last year, even though a Credit Swiss loan of $225M has been used to supplement the FOREX during the 4th quarter of last year.


  5. Nation News

    “THE CENTRAL BANK is now predicting growth for the Barbados economy from as early as year-end.

    The forecast of 0.3 per cent from Central Bank Governor Dr DeLisle Worrell came this afternoon as he released the much awaited half year report on the island’s economic performance.

    In it, he projected “slight growth” by the end of this year and a “pick up in subsequent years, to 1.2 per cent in 2015 and 2.5 per cent growth in 2016”. This came after earlier suggestions that there would be no economic growth here.”

    Gezz, just checked PHD Worrell’s comments from the last several quarterly reports by the Central Bank and they all appear exactly the SAME, only the forecast dates keep moving further into the future. I guess in his case PHD stands for Piled Higher & Deeper.


  6. @Wily

    Hard to explain why the unemployment number has not moved.

    On 15 July 2014 20:33, Barbados Underground wrote:

    >


  7. @ David
    Hard to explain why the unemployment number has not moved
    ++++++++++++++++
    Why is it hard to explain David?

    That unemployment number is just a lotta shiite put there for propaganda reasons.
    By definition it is meaningless…

    They only count those persons who are not working AND who are looking for a job in the formal sector.
    …now who the hell would be foolish enough to waste their time looking for a job in the FORMAL sector when government and the private sector are actively LAYING OFF staff and closing operations?

    Bushie is surprised the unemployment figure has not gone DOWN….
    What we need to know is the number of persons NOT WORKING PERIOD.


  8. @ Wily Coyote | July 15, 2014 at 3:23 PM |

    …….. Spin is comparing 2009/12 numbers to 2014 last quarter, and show that last quarter(2014) is only SLIGHTLY better, HUMM not good. 2009/12 period was the worst of the worst and were now only SLIGHTLY better……………………..

    I picked up on this too. Why no comparison to the same period in 2013?

    What is this government’s fascination with .03%? Growth is projected to be .03% and the solid waste tax is .03%.

    Is this the government’s standard?


  9. Also Bushie they are still drawing down on unemployment benefit.

The blogmaster invites you to join the discussion.

Trending

Discover more from Barbados Underground

Subscribe now to keep reading and get access to the full archive.

Continue reading