19-Jul-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.
Read More12-Jul-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.
Read More12-Jul-2024
The Visual Summary presents highlights, inclusive of a visual representation of the key points of the Monetary Policy Report for May 2024.
Read More02-Jul-2024
Over 300 staff, retirees and their families from the Bank came out on Saturday, June 26, 2024, for the “6K for 60”, CBTT Family and Friends Health and Wellness Initiative, another event on the Bank’s 60th Anniversary calendar. The run/walk started at 5:30 a.m. at the Eric Williams Plaza. Click here for video recap.
Read More
30-Jun-2024
The Central Bank of Trinidad and Tobago urges all citizens to be vigilant against cybercrimes such as phishing, identity theft, internet fraud and banking fraud. Learn how to protect yourself and your loved ones.
Read More28-Jun-2024
Global economic conditions remain relatively stable. According to the International Monetary Fund, world growth for 2024 is forecast at 3.2 percent, unchanged from the 2023 estimate. Most central banks have either held their policy rates stable or lowered their rates as inflation pressures have eased.
Read More18-Jun-2024
Global economic growth is anticipated to remain steady in 2024. Several forces shaping the outlook include: subdued activity in a number of advanced economies, mounting geopolitical conflicts, and tight Financial conditions.
Read More18-Jun-2024
Global economic growth remained resilient during 2023 amid geopolitical conflicts, monetary policy tightening and elevated inflation rates. However, economic outcomes diverged across countries, with the Euro area and the United Kingdom (UK) losing momentum while growth proved more resilient than anticipated in the United States (US).
Read More18-Jun-2024
On June 18, 2024 at a Panel Discussion at a meeting of the Regional Consultative Group for the Americas hosted by the British Virgin Islands Financial Services Commission, Dr. Hilaire discussed the challenges that regulators face in managing the ‘sovereign-bank nexus’ (the financial relationship between banks and governments).
Read More04-Jun-2024
Under the Bank's public education and outreach agenda and as part of our year-long 60th Anniversary celebrations, the Bank hosts a special Schools Outreach Week from June 3 - 7, 2024.
The Bank will reach over 1,500 Primary and Secondary students from 24 schools across Trinidad via this special initiative. Students have the opportunity to participate in activities to promote: Financial Literacy, Currency Education, and test their Knowledge of the Roles and Functions of the Central Bank.
Click here for the video recap of Day 1 on June 3, 2024 courtesy TTT Limited.
Read More