EASTERN CARIBBEAN CENTRAL BANK
ECCB
ANNUAL REPORT 2014/2015
78
3.
Financial risk management
…continued
c) Market Risk
…continued
i) Interest rate risk…continued
As the Bank’s investments in foreign securities are locked in at fixed interest rates, the exposure to
cash flow and fair value interest rate risk is limited to investments in money market instruments and
money at call for which rates vary with market movements. As at March 31, 2015, if interest rates
were to move by 25 basis points, profit for the year would have been $3.39M (2014: $2.94M) lower
or higher.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(expressed in Eastern Caribbean dollars)
March 31, 2015
