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.
News
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.
The Central Bank of Trinidad and Tobago in partnership with De La Rue of the United Kingdom is pleased to offer an award of two (2) postgraduate scholarships for the period 2025/2026 under the prestigious De La Rue Scholarship Programme.
In the eighth Note in its Public Education Series, the Central Bank explores Trinidad and Tobago’s relationship with the World Bank – as the country is a longstanding member.