Central bank

The Central Bank has said the economy could shrink this year by up to 14%, while it has also warned that unemployment could average as high as 17% this year.  In its latest Quarterly Bulletin, the Central Bank also highlighted the risks to the economy of a no-deal Brexit.  The Central Bank has said there is […]

The Central Bank has warned that the scale of the economic shock due to Covid-19 is “unprecedented” and will create pressure on the financial position of both borrowers and banks.   Central Bank Governor Gabriel Makhlouf said governments are facing “fantastic levels of uncertainty” over the future and warned that while the financial system is resilient, […]