Even as the country grappled with subpar economic performance and the CLICO crisis, our financial sector still managed to create some 6,000 jobs in the past five years. Apart from traditional retail bank tellers and corporate lenders, many more jobs are being created in higher value-added activities such as trade finance, investment analysis, portfolio management, product structuring, risk management and technology.
Almost every day we hear comments such as: “monetary policy can not solve all the problems without the support of fiscal policy”, “central bank should give in and not pursue price stability by using only monetary policy”, and ” monetary policy cannot be successful in a euroized country” etc.