The global economy was plunged into uncertainty by a marked shift in trade policies by several key economies, most notably the US. The threat of the imposition of tariffs by the US on several countries during the first quarter of 2025 sparked financial market volatility.
Monetary Policy Report
The Visual Summary presents highlights, inclusive of a visual representation of the key points of the Monetary Policy Report for November 2024.
The Visual Summary presents highlights, inclusive of a visual representation of the key points of the Monetary Policy Report for May 2024.
The Visual Summary presents highlights, inclusive of a visual representation of the key points of the Monetary Policy Report for November 2023.
As geopolitical tensions persist and intensify, global macroeconomic prospects may be undermined. Fresh conflict in the Middle East threatens to reignite inflation if energy prices increase and suppress economic growth.
Initially poised for recovery from the COVID-19 pandemic and the 2022 geopolitical shock, the global growth outlook dulled as financial risks surfaced.
Since the November 2022 Monetary Policy Report, risks to global financial stability from the monetary policy actions by major central banks to combat record-high inflation rates have surfaced, further dampening the global economic outlook.
Domestically, economic activity continued its positive trajectory driven by an expansion in both energy and non-energy sector activity during the third quarter of 2022, according to Central Bank of Trinidad and Tobago estimates.