The Central Bank of the Bahamas' governor yesterday dismissed speculation that the timing of yesterday's 75 basis point Discount Rate reduction was linked in any way to the upcoming general election, adding that the move would make it easier for more Bahamians to access credit and "support the economic recovery". Wendy Craigg said she foresees the lowering of the Discount Rate by the Central Bank - the interest rate applied to money lent by the Central Bank to domestic banks it licenses - will create a lending environment providing more opportunities for Bahamian-owned businesses to "be a part of the spin-off" ef ...

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