For a better view on Central Bank of The Bahamas, Update Your Browser.

MEFD March 2012

Published: Wednesday May 2nd, 2012

Indications are that the domestic economy continued to exhibit modest growth during March, benefitting from steady gains in tourism output and foreign-investment led construction activity. Inflation sustained its upward trajectory from relatively low year-earlier levels, reflecting the pass-through effects of higher international oil prices. In the fiscal sector, the overall deficit widened for the eight months to February of FY2011/12, as the increase in aggregate expenditure overshadowed the rise in total revenue. Money and credit developments featured a build-up in bank liquidity for March, associated with increased lending to the Government, while payments for goods and services explained the contraction in external reserves.

For full text reading, please download the attached document.