The ECCB’s Timothy Antoine on currency union, cooperation and DCash 2.0

The ECCB’s Timothy Antoine on currency union, cooperation and DCash 2.0

The Eastern Caribbean Central Bank is celebrating 40 years since its founding. What do you view as the main benefits of the Eastern Caribbean Currency Union? The main benefit, without a doubt, is relatively low inflation over an extended period. Since 1976, we have pegged US$1 to EC$2.7. Our inflation is largely imported and typically … Read more

Argentina raises policy rate to 133% as crisis deepens

Argentina raises policy rate to 133% as crisis deepens

Central Bank of Argentina The Central Bank of Argentina (BCRA) ordered another large increase in its policy rate on October 12, as inflation jumped and the national currency shrivelled on informal markets. Policy-makers raised the Leliq rate by 15 percentage points to 133%. Since January 2022, the central bank has more than tripled its policy … Read more