The Central Bank of Trinidad and Tobago hosted a meeting with representatives of the Bankers’ Association of Trinidad and Tobago (BATT) today, July 28, 2025, as part of a series of key stakeholder engagements following the recent appointment of Governor Larry Howai. Governor Howai emphasised the importance of continued and robust collaboration between the Central Bank and BATT as the financial sector navigates the current economic environment. He reaffirmed the Bank’s commitment to working closely with the banking community to identify pragmatic solutions to challenges in the financial sector in the best interests of the people of Trinidad and Tobago.
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Notice is hereby given, in accordance with Section 15(3) of the Insurance Act 2018 (as amended) (the Act), that the following agencies have ceased to hold a registration certificate to carry on the business of an insurance agency during the last quarter ended June 30, 2025.
The Central Bank of Trinidad and Tobago is pleased to announce the appointment of Larry Howai, Esquire, as Governor, effective June 24, 2025. Mr. Howai has been appointed by Her Excellency, President Christine Kangaloo, for a term of five years. Mr. Howai is a former Minister of Finance and the Economy who has had a long and distinguished career in the financial services sector. The Management and staff of the Central Bank look forward to working closely with and supporting Governor Howai to advance the work of the Bank in service of the people of Trinidad and Tobago.
The Central Bank of Trinidad and Tobago monitors domestic and international developments to fulfil its functions related to monetary policy, financial stability, foreign exchange management, and economic intelligence. The data contained in this report support these functions. It covers all the major sectors and presents data at monthly and quarterly frequencies as available.
The recent escalation of tensions in the Middle East has further added to global economic uncertainty. The susceptibility of oil supplies to potential disruption on account of the military action in that area resulted in a spike in crude oil prices. Brent crude oil prices reached a high of US$76 per barrel (bbl), but subsequently fell below US$70/bbl following the announcement of a ceasefire. Financial markets nonetheless remain on edge in a very fluid situation. Higher energy prices and a possible escalation of hostilities pose risks for growth and inflation across the world, although energy exporters could benefit from the terms of trade shock.
Following earlier communication to the public on the Series 2025 $100 Banknote, the Central Bank provides the following update that will likely affect the schedule.
The global economy was plunged into uncertainty by a marked shift in trade policies by several key economies, most notably the US. The threat of the imposition of tariffs by the US on several countries during the first quarter of 2025 sparked financial market volatility.
The Centrale Bank van Curaçao en Sint Maarten (CBCS) hosted the 64th Bi-Annual Meeting of the CARICOM Central Bank Governors in hybrid format on May 22–23, 2025. The meeting, chaired by CBCS President Richard Doornbosch, convened senior central bank officials from eleven Caribbean jurisdictions to address regional economic developments and strengthen the resilience of the Caribbean’s financial systems.