Monetary Policy Report - Central Bank of Trinidad and Tobago

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Monetary Policy Report – May 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.

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Monetary Policy Report Highlights

Global Economic Stability

The global economy is clouded by uncertainty due to heightened trade and geo-political tensions. In response, central banks have adopted a more guarded approach to monetary policymaking.

Domestic Economic Growth

Domestically, economic activity improved. According to data published by the Central Statistical Office, real GDP rebounded in the third quarter of 2024. Meanwhile, inflation started to creep upwards.

Reserve Requirement Reduction

Following the reduction of the reserve requirement in July 2024, commercial banks’ excess reserves remained ample.

Repo Rate Maintained

The Central Bank of Trinidad and Tobago, in its March 2025 Monetary Policy Committee meeting, maintained 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.

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Monetary Policy Report – May 2025

Monetary Policy Report Highlights

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