Statement by the Chief Minister of Anguilla, the Honorable Hubert Hughes on the Eastern Caribbean Central Bank assuming control of the  Caribbean Commercial Bank (CCB) and the National Bank of Anguilla Ltd (NBA).

Grenada’s Prime Minister, Hon. Tillman Thomas, has welcomed a preliminary report which indicates that economic activity in Grenada expanded during the first half of 2011 by 1.7% compared to the same period in 2010.

Oct. 24, 2011 -- Council noted that the macroeconomic and financial conditions of the ECCU continue to be greatly challenged by the adverse global financial and economic situation which has resulted in two consecutive years of negative growth - 2009 and 2010. Following a 0.2 per cent contraction in the first quarter of 2011, available data suggest that economic activity picked up somewhat in the second quarter.

Basseterre - Oct. 24, 2011 -- (CUOPM) - The St. Kitts and Nevis based Eastern Caribbean Central Bank (ECCB) will maintain the current deposit and discount rates.