November 6, 2023
The 61st Meeting of the Caribbean Community (CARICOM) Committee of Central Bank Governors was held Thursday, 2 November to Friday, 3 November 2023, hosted by Bank of Jamaica. Central Bank of Belize Governor Kareem Michael attended.
The central bank governors reviewed the regional and global financial markets, macroeconomic environment, regional economic outlook and monetary policy. The regional economic performance assessment identified the key risks to macro-economic stability in regional economies during the post-pandemic period, including high imported inflation, geopolitical developments and climate vulnerability. It concluded that the region has generally recovered from the pandemic with a return to growth and inflation that is trending downward, while the banking system remained sound.
Bank of Jamaica released a statement on the meeting discussions and committee decisions.