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Financial News

Jun 2023 Financial News

CBTT Monetary Announcement June 30th, 2023

Jun 30, 2023

The Monetary Policy Committee (MPC) carefully examined international economic developments, in particular the slowdown in global growth, geopolitical tensions, decline in inflationary pressures and the monetary stances of major and other central banks. The Committee took note of the widening of the negative TT/US interest differential, alongside evidence on the domestic side of a progressive decline in inflation and a gradual economic recovery, facilitated by credit that was expanding just above the pace of headline inflation. Taking all factors into account, the MPC agreed to hold the repo rate at 3.50 per cent. The Central Bank will continue to monitor and analyse international and domestic developments and will take further actions as necessary.

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Source:
Central Bank of Trinindad and Tobago
Friday 30th June, 2023