Indications are that the domestic economy maintained its modest pace of growth over the review month of March according to The Central Bank of The Bahamas’ latest Monthly Economic and Financial Developments report.

The sustained increase in stopover visitor arrivals supported gains in tourism sector output, while ongoing medium and small-scale foreign investment projects undergirded activity in the construction sector.

In monetary developments, the corresponding robust real sector inflows boosted external reserves; however, liquidity contracted as resources shifted to government.

Central Bank’s monthly analysis of domestic economic developments contains the latest money and credit trends and an assessment of economic conditions through the first quarter of 2019.

The analysis helps the bank to determine whether policy adjustments are necessary on any level that would affect credit other financial developments that affect the safety and soundness of the local banking system, and/or the health of the external reserves that back up the value of the currency.

Read/download the full report, a statement by Central Bank Governor John Rolle and the latest survey on private sector lending conditions here:

• MEFD March 2019 (4MB)
• Statement by Governor Rolle (450kB)
• Private Sector Survey (1MB)