Rising geopolitical tensions following the outbreak of the United States (US)-Israel war with Iran heightened global economic uncertainty as energy prices spiked, supply chains were disrupted, shipping costs increased, financial market volatility intensified, and inflationary pressures mounted.

Domestically, data published by the Central Statistical Office indicates that economic growth moderated in the third quarter of 2025, reflecting an increase in energy sector production while non-energy sector output declined.

Commercial banks’ excess liquidity remained stable while interest rates edged up.

The Central Bank of Trinidad and Tobago, in its December 2025 and March 2026 Monetary Policy Committee meetings, kept the Repo rate at 3.50 per cent.