The Central Bank of Trinidad and Tobago (“the Central Bank”) advises that pursuant to Section 119(2) of the Insurance Act, 2018, the Minister of Finance, after consultation with the Central Bank, has appointed the Trinidad and Tobago Insurance Institute (TTII) as an Approved Educational Institution with effect from January 1, 2021.Read More
On October 18, 2021 a high level Caribbean delegation met with Ms. Kristina Georgieva, Managing Director, and other officials of the International Monetary Fund on the occasion of the IMF/ World Bank Annual Meetings.
On behalf of the Trinidad and Tobago team, Central Bank Governor Dr. Alvin Hilaire made the following intervention on the subject of Safely Unwinding Fiscal and Monetary COVID-19 Measures, while Protecting the Vulnerable.Read More
Registration is now open for the 52nd Annual Monetary Studies Conference 2021 on Fiscal and Monetary Policy in the Caribbean in Pandemic Times, to be held on November 1-3, 2021.Read More
The wave of interest in Central Bank Digital Currencies (CBDCs) has reached the shores of the Caribbean. While the objectives in the regional context have focused on reducing cash usage and improving financial inclusion, this paper proposes the use of CBDCs to facilitate currency convertibility with the express purpose of promoting intra-regional trade.Read More
This compilation of working papers is not meant to be a complete source of information and knowledge on the chosen subject matter. Indeed, the works presented in this volume focus solely on the Trinidad and Tobago’s financial system and a sub-set of questions within a vast and expanding field of financial stability research. Nonetheless, the questions discussed and evidence presented in this volume may contain useful insights that might be relevant to similar financial systems like ours. The compilation is the second special research project aimed at promoting publications on Central Banking and other identified issues, outlined as number 7.2 in the 23 core projects of the Bank's Strategic Plan 2016/17 - 2020/21.
Overall global economic performance continues to recover, underpinned by widespread vaccination efforts, easing of pandemic restrictions and accommodative fiscal and monetary policies. Nonetheless, the pace of recovery across countries is very uneven, given varied access to vaccines and the resurgence of the virus in many areas.Read More
This paper explores the use of Internet user searches from the freely available statistical tool “Google Trends” to estimate and predict Trinidad and Tobago’s unemployment rate. The main research question was: Does a model for estimating Trinidad and Tobago’s quarterly unemployment rate using Google search volumes significantly improve the baseline forecasting model?Read More
The six months to September 30, 2021 marks the tenth and final reporting period under the Strategic Plan 2016/17-2020/21. Building on the themes of monetary policy, financial stability and internal operations, this Plan outlined 10 objectives which were operationalised across 23 projects.Read More
The Central Bank of Trinidad and Tobago and the Caribbean Economic Research Team (CERT) is pleased to announce the 52nd Annual Monetary Studies Conference (AMSC) on Fiscal and Monetary Policy in the Caribbean in Pandemic Times. We now invite submission of completed research papers or extended abstracts. Click on read more for the list of topics and submission criteria.Read More
As at September 2021, the Mortgage Market Reference Rate remains unchanged.Read More