For this reason, even 100% mortgages have been slow in coming to Barbados. Indeed some banks do not agree with it even now, because they believe that the borrower must have some stake in the borrowing or else if things get difficult early in the life of the loan or market values tumble, he can walk away with impunity.
In taking monetary policy decisions, the Governing Council needs to have a comprehensive understanding of the prevailing and the prospective economic situation and must be aware of the specific nature and magnitudes of any economic developments threatening price stability.