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Financial News

Sep 2023 Financial News

CBTT Monetary Announcement September 29th, 2023

Sep 29, 2023

In its deliberations on international developments, the Monetary Policy Committee (MPC) noted the continued uncertainty on the global inflation front and the impact that future monetary tightening may have on the TT/US interest differential. The Committee considered that domestically, the buoyancy in private sector credit, alongside the sustained deceleration in inflation, were helping to foster a steady revival of economic activity without demand pressures at this time. Taking all factors into consideration, the MPC agreed to hold the repo rate at its current level of 3.50 per cent. The Central Bank will continue to carefully 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 29th September, 2023