On behalf of the Monetary Council, Board of Directors, Management and Staff of the Eastern Caribbean Central Bank, I bring you greetings and best wishes for the New Year.
We are fully cognizant of the negative signals being given by financial markets. We believe that equity and bond markets are priced for downside risks and acknowledge these risks in our MPR. The trade war is already having negative consequences globally and these will continue to grow if the situation is not resolved, especially if it escalates.