ECCB 2020-2021 Annual Report and Statement of Accounts

Monetary Stability 1

The Council approved a temporary reduction in the Discount Rate to 2.0 per cent from 6.5 per cent as a means of providing low cost short-term credit to member governments, as per section 32 of the ECCB Agreement 1983.

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2020/2021 1