These hikes have been made to bring the inflation rates down toward their 2 percent targets, but market participants have expressed concern over whether it is possible to contain inflation and maintain economic growth simultaneously.
This process has to be vigorously driven by three fundamental programmes, namely •  public sector modernization at the national and regional levels  •  private sector development, and  •  financial sector development  The integration model, as characterized by the original Treaty of Basseterre, has worked for the OECS region but it is also fair to say that it has not been fully exploited.