Timothy N J Antoine: Statement - change in Chairmanship of the Eastern Caribbean Central Bank Monetary Council

Statement by Mr Timothy N J Antoine, Governor of the Eastern Caribbean Central Bank, at the handing over ceremony to mark the change in Chairmanship of the ECCB Monetary Council, Antigua and Barbuda, 17 July 2025.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Introduction

It is my distinct pleasure to welcome each of you to the Handing-Over Ceremony that marks the change in Chairmanship of the Monetary Council of the Eastern Caribbean Central Bank (ECCB).

The Monetary Council comprises the Minister of Finance of each member country and is the highest decision-making body of the Eastern Caribbean Central Bank. It is the ECCB's timehonoured tradition to rotate the chairmanship in July of each year. Today, the chairmanship of the Monetary Council passes from the Council Member for Anguilla to the Council Member for Antigua and Barbuda.

I wish to thank Dr Ellis L. Webster, the former Premier of Anguilla and former Chairman (in absentia) for his stewardship. Premier Richardson-Hodge assumed the chairmanship following Anguilla's general elections (February 25 and 26 of this year), which occurred after the last meeting of the Monetary Council on February 14, 2025. Though her tenure was short, I also wish to thank our Outgoing Chairman for her stewardship, especially during our 9th Growth and Resilience Dialogue which she personally attended, and for her active engagement and support of the Central Bank's agenda since her assumption of office.