Imbert: CSO not Central Bank can give recession information

Embattled Central Bank Governor Jwala Rambarran is once more under fire and it’s coming from Finance Minister Colm Imbert.

Speaking in the Senate on Tuesday in response to questions from Opposition Senator Wade Mark, Imbert said government was waiting on figures from the Central Statistical Office (CSO) before it would say the country is in a recession.

On Friday Rambarran said four consecutive quarters of decline in real Gross Domestic Product (GDP) showed that the country was in recession. Shortly after his announcement the Finance Minister called Rambarran “discourteous” for first announcing it to the public but not discussing it to the government.

In the Senate, however, Imbert said the Central Bank is not an official source of statistical data and that the CSO is the body for that type of information. The Finance Minister said it would be “precipitous” and “premature” to accept the statements of the Central Bank without first checking with the CSO.

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