A respected economist agrees with the Democratic Labour Party (DLP) that the Government is using the Central Bank to print money, and he has warned that abusing the measure could spell danger for the economy.Former head of the Department of Economics at The University of the West Indies, Cave Hill Campus, Professor Emeritus Michael Howard said DLP president Dr Ronnie Yearwood was on point in charging that by using the Central Bank of Barbados to purchase its Barbados Optional Savings Scheme (BOSS) bonds, Government was essentially printing money.Dr Yearwood had said that as of November 2021, the Central Bank had purchased $120 million of the four-year bonds that offer an interest rate of five per cent per annum with the interest being paid in two half-yearly instalments.In an interview with Barbados TODAY, Howard agreed with Yearwood’s assessment.
