Jwala Rambarran

PM questions Central Bank Governor's reason for "recession" statement

Prime Minister Dr Keith Rowley is questioning the reason for the Central Bank Governor's statement that the country is in a recession, saying that the Government has received no data to prove that.

Dr Rowley was at the time responding to questions as the House of Representatives met this afternoon.

"We have received no data and we are asking what is the source of the data. I am not aware that the Central Statistical Office has made information available and therefore the reason for disclosing it is questionable," he said.

Minister Imbert shares legal advice on Central Bank Governor with Cabinet

Finance Minister Colm Imbert has updated the Cabinet on the legal advice he has received pertaining to the decision by the Central Bank Governor's recent disclosures.

However, Communications Minister Maxie Cuffie told the post-Cabinet media conference today that although he did update the Cabinet, only the Minister is permitted to give any further statement on the issue, adding "he will advice us as to when he has something to report".

COP defends Central Bank Governor

The Congress of the People has come out in defence of Central Bank Governor Jwala Rambarran, in what it calls "a declaration of war" on him. 

The statement issued this morning, references comments from the party's Deputy Political leader Dr Anirudh Mahabir.

The following is the COP's statement. 

"What has been a skirmish in the form of volleys of propaganda by certain big business interests and their PNM spokespersons has now broken out into open warfare against the Central Bank Governor, painting him as possibly criminal.

Central Bank insists Governor's disclosure of foreign exchange information was no breach of confidentiality

Amidst some criticism and allegations of a breach of confidentiality, the Central Bank is defending its governor.

In a media release sent late last night, the Central Bank says that its decision to disclose the top users of foreign exchange in this country was not a breach of confidentiality but in fact necessary and in the best interest of the financial system, depositors, customers and other shareholders.

Chamber condemns Central Bank Governor's "breach of confidentiality"

The Chamber of Industry and Commerce is criticising the Central Bank Governor, Jwala Rambarran's decision to disclose the names of companies that are using the bulk of foreign exchange in this country. The Governor also disclosed the amounts during an address on Friday.

The following is the Chamber's full statement: