The Eastern Caribbean Central Bank is celebrating 40 years since its founding. What do you view as the main benefits of the Eastern Caribbean Currency Union?
The main benefit, without a doubt, is relatively low inflation over an extended period. Since 1976, we have pegged US$1 to EC$2.7. Our inflation is largely imported and typically tracks US inflation. That’s a big benefit as inflation is a pernicious tax, especially on the poorest and most vulnerable. Our monetary union has also provided
