Monetary Policy Announcement - July 2024

The Monetary Policy Committee of the Central Bank of Trinidad and Tobago (MPC) held a special meeting on July 19, 2024. The MPC examined the recent decline in excess reserves of commercial banks—the deposits held by banks at the Central Bank in excess of the required reserve ratio of 14 per cent of prescribed liabilities. The daily average of excess reserves measured $2,766 million from July 1 to July 18, 2024 compared to $3,914 million in June 2024.

Visual Summary - Monetary Policy Report May 2024

The Visual Summary presents highlights, inclusive of a visual representation of the key points of the Monetary Policy Report for May 2024. 

Monetary Policy Report - May 2024

Central banks continue to balance their monetary policy actions in response to divergent inflation and growth outcomes. Many countries experienced broadly disinflationary trends in the latter half of 2023 and into 2024 owing to softer food and fuel prices.