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MEFD February 2009

Published: Wednesday April 1st, 2009

The fallout from the global financial crisis continued to impact the Bahamian economy during the review month, contributing to persistent weakness in tourism and foreign investments. Meanwhile, inflation remained at elevated levels during the review period, reflecting mainly higher prices for consumer goods. In the monetary sector, seasonal improvement in liquidity occurred at a slower pace than the previous year, as the steadied build-up in Bahamian dollar deposits still outpaced moderately firmed Bahamian dollar credit growth.