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Monetary Policy Announcement


Monetary Policy Announcement - June 2021

The global economic recovery is underway, with the International Monetary Fund forecasting a global expansion of 6.0 per cent for 2021.

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Monetary Policy Announcement - March 2021

The global economy is on a recovery path in 2021 as the deep shocks precipitated by the COVID-19 pandemic gradually subside.

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Monetary Policy Announcement - December 2020

International economic conditions improved during the second half of 2020 on account of extraordinary policy actions on the monetary and fiscal fronts in response to the Covid-19 pandemic.

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Monetary Policy Announcement - September 2020

Globally, there is little sign of an overall deceleration in the pace of infections of the Covid-19 virus. The economies of many developed and developing countries contracted in the second quarter of 2020, despite significant fiscal and monetary policy actions as authorities implemented restrictions to curb the spread of the virus. 

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Monetary Policy Announcement - June 2020

In the context of the global pandemic situation, at its mid-March 2020 meeting the Monetary Policy Committee (MPC) of the Central Bank of Trinidad and Tobago lowered the Repo rate by an unprecedented 150 basis points, and reduced the reserve requirement by 3 per cent to 14 per cent of banks’ deposit liabilities.

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Monetary Policy Announcement - March 2020

Central Bank Reduces Repo Rate by 150 Basis Points; Lowers Reserve Requirement by 3 per cent

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Monetary Policy Announcement - December 2019

Global growth softened towards the end of 2019, with the International Monetary Fund (IMF) lowering its annual projection to 3.0 per cent, 0.2 per cent below its mid-year estimate.

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Monetary Policy Announcement - September 2019

International economic conditions remain delicate amidst rising global risks. In addition to ongoing trade tensions between the United States and China, rising geopolitical pressures in the Middle East threaten stability in oil markets, while Brexit discussions in the UK are coming to a head.

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Monetary Policy Announcement - June 2019

International economic prospects appear less optimistic since the last meeting of the Monetary Policy Committee (MPC) in March 2019

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Monetary Policy Announcement - March 2019

The growth momentum internationally appears to be slowing. In the United States, the Federal Reserve’s continued pause in rate hikes and its evaluation of some sluggishness in the US economy has already had a profound effect on financial markets.

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