Sep 2022 Financial News

Monetary Policy announcement September 30, 2022

Sep 30, 2022

The recovery of the global economy in recent months has not been smooth, and growth forecasts have been downgraded. Many central banks continued to raise policy rates as inflation soared past target levels. Leading the charge, in its latest move the United States Federal Reserve (US Fed) hiked the Fed funds target range by 75 basis points to 3.00 to 3.25 per cent in September 2022. The spillover to financial markets has been severe, with tremendous volatility experienced in equity valuations and exchange rate pressures in several countries.

Source: Central; Bank of Trinidad and Tobago

September 30, 2022