Friday, March 11, 2011

Trinidad & Tobago Central Bank Cuts Rate 25bps to 3.25%

The Central Bank of Trinidad & Tobago reduced its repo rate by 25 basis points to 3.25% from 3.50% previously. The move was designed to stimulate the economy, with the bank saying: "Meanwhile with the recovery of the non‐energy sector activity remaining an urgent priority, the Bank has decided to reduce the 'Repo' rate...". Trinidad & Tobago reported inflation of 12.5% in January 2011, down from 13.4% in December last year. While core inflation declined to 2.6% in January from 4.7% in December.


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