Search results for : Central
February 05, 2024
Slow business account opening process prompts greater attention from Central Bank
NASSAU, BAHAMAS — The Central Bank says that it will seek streamlined customer due diligence for micro-and small businesses after a survey revealed that only one-third of business accounts were opened within two weeks or less, with 40 percent taking more than a month to be opened. The findings were revealed in a Central Bank [...]
Central Bank projects the Bahamian economy to grow in the low two percent range in 2024
January 30, 2024
Central Bank projects the Bahamian economy to grow in the low two percent range in 2024
NASSAU, BAHAMAS — The Central Bank predicts The Bahamas' economic growth to be in the low two percent range, still moderately above the estimate of the economy's medium-term potential. On Monday, Central Bank Governor John Rolle stated that although the economy has a positive outlook for 2024, enabling more employment creation and continued reduction in [...]
Central Bank Governor affirms positive impact of fixed exchange rate policy on price stability
January 26, 2024
Central Bank Governor affirms positive impact of fixed exchange rate policy on price stability
NASSAU, BAHAMAS — The Bahamas' fixed exchange rate policy, pegging the Bahamian dollar one-to-one with the US dollar, has been pivotal in fostering positive outcomes in price stability amidst global inflationary pressures. Central Bank Governor John Rolle highlighted this during his address at the Bahamas Business Outlook Conference at the Baha Mar resort yesterday. Rolle [...]
January 02, 2024
Central Bank relaxes lending rules for residential mortgages
NASSAU, BAHAMAS — The Central Bank has announced that it is relaxing the lending rules for residential mortgages provided by domestic banks and credit unions by revising the minimum equity injection requirement, a move expected to alleviate the financial burden for qualified borrowers and allow some additional individuals to qualify for credit. The Central Bank [...]
Central Bank releases digital asset regulations
December 13, 2023
Central Bank releases digital asset regulations
NASSAU, BAHAMAS — The Central Bank has released its Digital Asset Guidelines for 2023, outlining the regulatory expectations for supervised financial institutions (SFC) regarding exposure to digital assets activities. The guidelines also aim to identify and establish best practices for effective risk management, with the regulator assuring that there were no conflicts with the DARE [.....
More than 500 students to visit world’s most prestigious photo exhibit, Prix Pictet, at Central Bank
December 06, 2023
More than 500 students to visit world’s most prestigious photo exhibit, Prix Pictet, at Central Bank
More than 500 students from schools across New Providence will have the rare opportunity to experience the human condition through the eyes of the greatest photographers in the world as school by upper school, they tour the Prix Pictet exhibit at the Central Bank Art Gallery.
Bahamian economy sustained its growth trajectory at a "moderate pace" in Q3, says Central Bank
December 06, 2023
Bahamian economy sustained its growth trajectory at a "moderate pace" in Q3, says Central Bank
NASSAU, BAHAMAS — The Bahamian economy sustained its growth trajectory in the third quarter, although at a "moderate pace," supported by healthy gains in the tourism segment and several small to medium-scale foreign direct investment projects, according to the Central Bank. The Preliminary indications are that during the third quarter of 2023, the Bahamian economy [...]
November 17, 2023
Disturbance over the West-Central Caribbean Sea is forecast to become a Tropical Storm
A Tropical Storm Watch is now in effect for the islands of the Southeast Bahamas. This includes the islands of Acklins, Crooked Island, Long Cay, Samana Cay, Mayaguana, and Inagua.
November 01, 2023
Savings bond iniative still to be launched by year's end says Central Bank Governor
NASSAU, BAHAMAS — The Central Bank said that it still expects to launch a savings bond scheme by the end of the year. This initiative aims to cultivate a stronger culture of savings among Bahamians. Governor John Rolle, speaking at a press conference on the Monthly Economic and Financial Developments report, stated: "Regarding the savings [...]
October 31, 2023
Central Bank Governor: Economy Undergoing Healthy Recovery
NASSAU, BAHAMAS - The third quarter of 2023 showing a healthy recovery of the Bahamian economy. The data according to Central Bank Governor, John Rolle.
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