25 June 2021
Eastern Caribbean Central Bank-interest rates
| ECCB Fixed Deposit Rate-1 month | 0% |
| ECCB Fixed Deposit Rate-2 months | 0% |
| ECCB Fixed Deposit Rate-3 months | 0% |
| *ECCU Minimum Savings Deposit Rate | 2% |
| ECCB Discount Rate | 2% |
*Eastern Caribbean Currency Union
Foreign exchange rates of interest
| Where base currency is XCD | Rates as of 1:03 am AST 25 June 2021 | Where term currency is XCD | Rates as of 1:03 am AST 25 June 2021 |
| XCD/EUR | 0.3104 | EUR/XCD | 3.2216 |
| XCD/GBP | 0.2657 | GBP/XCD | 3.7634 |
| XCD/USD | 0.3704 | USD/XCD | 2.7000 |
| XCD/CAD | 0.4559 | CAD/XCD | 2.1932 |
| XCD/NGN | 152.1620 | NGN/XCD | 0.0066 |
| XCD/CNY | 2.3963 | CNY/XCD | 0.4169 |
| XCD/PLN | 1.4038 | PLN/XCD | 0.7118 |
| XCD/PEN | 1.4613 | PEN/XCD | 0.6723 |
Eastern Caribbean Central Bank. The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) announces two new products aimed at helping regional Micro, Small and Medium Enterprises (MSMEs) rebound and grow their businesses. https://www.eccb-centralbank.org/news/view/ecpcgc-offers-additional-products-to-help-small-businesses
Federal Reserve. The Federal Reserve Board on Thursday released the results of its annual bank stress tests, which showed that large banks continue to have strong capital levels and could continue lending to households and businesses during a severe recession. https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210624a.htm
Foreign exchange. Chinese banks’ stockpile of foreign-currency deposits has surpassed $1 trillion for the first time, creating an opportunity for Beijing to allow greater freedom for capital to flow out of the country. https://www.bloomberg.com/news/articles/2021-06-24/chinese-banks-stockpile-record-1-trillion-of-foreign-currencies?sref=oriheOus
Foreign exchange. The EU is unlikely to grant U.K.-based financial firms automatic market access in all areas post-Brexit, according to a top British minister. https://www.bloomberg.com/news/articles/2021-06-24/u-k-says-equivalence-with-eu-unlikely-in-all-areas-of-finance?sref=oriheOus
Interbank. China’s interbank treasury bond index in net price opened at 985.08 points Friday, higher than the previous close of 984.84 points, according to the China Foreign Exchange Trade System. http://www.china.org.cn/china/Off_the_Wire/2021-06/25/content_77586945.htm
Alton Drew, Consiglieri 