Monetary Policy Report - Central Bank of Trinidad and Tobago

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Monetary Policy Report – November 2025

Explore the Central Bank’s latest insights on Trinidad and Tobago’s economic performance, inflation trends, and monetary policy measures. This report provides a comprehensive overview of key economic developments shaping the country’s financial landscape.

Download our 2025 Monetary Policy Report

Monetary Policy Report Highlights

Global Economic Stability

Heightened policy uncertainty has weakened global economic prospects and tightened financial conditions.

Domestic Economic Growth

Domestically, economic activity and inflation dipped. According to data published by the Central Statistical Office, real GDP declined in the first quarter of 2025 and the rate of inflation continued to decelerate up to October 2025.

Reserve Requirement Reduction

Commercial bank rates increased and system liquidity fell.

Repo Rate Maintained

The Central Bank of Trinidad and Tobago, in its June 2025 and September 2025 Monetary Policy Committee meetings, kept the Repo rate at 3.50 per cent.

Domestic Economy

The domestic economy showed signs of a recovery in 2022 after two years of economic contraction. Unemployment rates declined, creating room for increased GDP levels. Risks related to sovereign concentration remain relevant but do not pose near-term risks to financial stability.

Central Bank's Long-term Financial Stability Initiatives

In 2022, domestic financial sector remained resilient throughout the year. Overall, institution’s capital and liquidity buffers were broadly stable, with improvements in asset quality and profitability ratios in some sectors.