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Central Bank releases January 2011 economic data

The Central Bank of The Bahamas has release its Monthly Economic and Financial Developments report for January 2011. The report collates data from financial institutions’ daily reports on foreign exchange transactions and weekly balance sheet statements. 

Source:
Date:
Updated:
Central Bank of The Bahamas
Thursday, March 17, 2011
Thursday, March 17, 2011

In an effort to provide the public with more frequent information on its economic surveillance activities, the Central Bank of The Bahamas has decided to release monthly reports on economic and financial sector developments in The Bahamas.

The Bank monitors these conditions as part of its monetary policy mandate, to assess whether money and credit trends are sustainable relative to levels of external reserves required to protect the value of the Bahamian dollar and, if not, the degree to which credit policies ought to be adjusted. The main data source for this surveillance is financial institutions’ daily reports on foreign exchange transactions and weekly balance sheet statements.

Therefore, monthly approximations may not coincide with calendar estimates reported in the Central Bank’s quarterly reports.

The Central Bank will release its Monthly Economic and Financial Developments report on the Monday following its monthly Monetary Policy Committee Meeting.

Future Release Dates:
2011: April 4, May 2, May 30, July 4, August 8, August 29, October 3, October 31, November 28, December 19.

To get the full January 2011 report download/view the PDF here.

Top international lawyers in the field of family law to gather in Nassau to discuss the legal and social consequences of the disintegration and reintegration of families. The conference runs March 17-19 and is hosted by the Council of Legal Education Eugene Dupuch Law School.

Speaking at the 19th World Conference of Banking Institutes held at Atlantis Paradise Island this week, Central Bank governor Wendy Craigg spoke on trust and accountability from a regulatory perspective. She said that ethics and good corporate governance were key to maintaining a sound financial system and healthy economy.

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