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LATEST NEWS

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

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

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.


TREASURY BILL AUCTION

CURRENT TBILL AUCTION

Issue No Issue Date Maturity Date Auction Closing Date Amount (TT$Mn) Term
1725 03-Apr-2024 03-Jul-2024 28-Mar-2024 75 91 days
1724 20-Mar-2024 19-Mar-2025 18-Mar-2024 75 364 days



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YIELD CURVE

EXCHANGE RATES

27 Mar 2024

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Buying

USD

6.7532

CAN

4.9471

GBP

8.4686

EUR

7.7011
Selling

USD

6.7669

CAN

5.3308

GBP

9.1098

EUR

8.0034

REPO AND MMRR RATES

REPO RATE
Mar 2023
3.50%
Repo Rate
MMRR
DEC 2023
3.00%
MMRR Rate

INTEREST RATES

27 Mar 2024

interest rate tri color banner strip
Discount Rate 5.50
Prime Lending Rate (Median) 7.50
Prime Lending Rate (Average) 7.57
Overnight Interbank Rate 0.50

INFLATION RATES

January 2024

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HEADLINE CORE FOOD
0.3 1 -1.9
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