LATEST NEWS

26-Apr-2024

Governor Explores Post-Pandemic Monetary Policy Challenges

On April 22, 2024 Dr. Hilaire discussed the challenges central banks across the world faced in tackling the recent surge in inflation. Dr. Hilaire was a panelist at the World Bank’s Reserve Advisory and Management Partnership (RAMP) Executive Forum for Policy Makers and Senior Officials held in Washington, DC, USA*. 

26-Apr-2024

Call For Papers - Research Review Seminar 2024

The Central Bank of Trinidad and Tobago and the Inter-American Development Bank cordially invite submissions for a Special Research Review Seminar on “Central Banking 60 Years and Beyond: Staying Ahead of the Curve”, in honour of the Bank’s 60th anniversary. This Seminar will be held on September 4-6, 2024. Submit abstracts by July 12, 2024.

18-Apr-2024

Trinidad and Tobago Renews Call for Ongoing IMF Engagement with Haiti

On the occasion of the Spring Meetings of the International Monetary Fund in Washington, DC, USA, the Trinidad and Tobago delegation urged other members of its IMF Constituency to continue to advocate for strong IMF engagement with Haiti as the country grapples with a difficult security, humanitarian and economic situation. 

17-Apr-2024

G-24 Calls for Stronger International Cooperation

On April 16, 2024, on the occasion of the International Monetary Fund/World Bank Spring meetings in Washington, DC, USA, the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24) called for stronger international cooperation to effectively address the numerous challenges confronting the global economy.

28-Mar-2024

Measuring Price Spillovers: An Investigation of Relative Price Changes in Trinidad and Tobago (Working Papers, WP 01/2024)

The recent surge in inflation globally has raised concerns about the future dynamics of inflation. This has urged policymakers to go beyond the aggregate level of inflation to shed light on the factors that can cause its persistence.

28-Mar-2024

Climate Change and the Balance of Payments: Considerations for Trinidad and Tobago (Working Papers, WP 02/2024)

Climate change mitigation and adaptation policies entail significant risks to commodity exporters such as Trinidad and Tobago. In particular, transition risk can negatively affect domestic economic activity and the external accounts. Consequently, this paper seeks to assess the impact of transition risk on Trinidad and Tobago's balance of payments.

28-Mar-2024

Monetary Policy Announcement - March 2024

Central Bank maintains Repo Rate at 3.50 per cent. Global economic growth for 2024 is forecast at 3.1 percent, according to the International Monetary Fund, the same rate as estimated for 2023. Most central banks in advanced and emerging market economies have either held their policy rates stable or have lowered their rates in recent months in the context of inflationary developments.

22-Mar-2024

Central Bank reports strong momentum of project execution in Strategic Plan update

On March 22, 2024 the Central Bank posted the latest Semi-annual update on the execution of its 2021/22-2025/26 Strategic Plan.

Highlights of achievements over the past 6 months included:

- Collaborative exercises with international agencies to help boost cybersecurity in domestic financial institutions;

- Registration of electronic money providers;

- Tightened measures to assure strong financial institutions;

- Successful use of domestic social media influencers, marking a new phase in the Bank’s public outreach strategy.

29-Feb-2024

Update on the Mortgage Market Guideline and Reference Rate

On February 29, 2024, the Central Bank of Trinidad and Tobago provided an update on the Mortgage Market Guideline and Reference Rate.

16-Feb-2024

Economic Bulletin January 2024

Global economic activity slowed in the second half of 2023 as tighter monetary policy restrained domestic demand in several countries. Many central banks in Advanced Economies (AEs) and Emerging Market and Developing Economies (EMDEs) adopted tighter monetary policies earlier in the year in an effort to ease inflationary pressures.