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10 May 2024
Visual Summary - Annual Report 2023
This Visual Summary presents highlights of the Annual Report for 2023.
10 May 2024
Annual Report 2023
Global growth during the financial year 2022/23 was tepid. Despite declining commodity prices, inflation, though moderating, remained above many central banks’ targets. Higher policy rates as a result of stubborn inflation led to tighter financial conditions, exposing financial sector vulnerabilities with noted bank failures in Europe and the United States. International capital markets also exhibited volatility.
26 April 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 April 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 April 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 April 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 March 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 March 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 March 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 March 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.
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