In the CARICOM region, there are tentative signs of a slow emergence from a deep recession:    In Barbados, the economy contracted by 1.1 per cent in the first half of 2010, but this compared with a contraction of 9 per cent in the corresponding period of 2009.
Importantly, we approach the target symmetrically. Given the experiences of countries who have struggled with deflation, we are just as concerned about inflation below our target as above it. We want businesses and consumers to be able to make long-term plans with certainty. Reaping the Rewards As it turned out, the framework worked better than we could have reasonably hoped. Check the numbers.