Trinidad and Tobago financial overlords blame US and Venezuela tensions for shaky economic vibes while bpTT pumps massive gas volumes from the Cypre and Mento fields. The Central Bank kept the repo rate flat since non-energy sectors like construction are totally stalling out. Energy output actually spiked thanks to those new projects, yet officials warn that growth remains incredibly weak due to external geopolitical stress.
Regular citizens apparently stopped borrowing cash for cars and credit cards as private sector lending hit a wall. Liquidity improved with banks sitting on piles of extra reserves, while inflation barely moved because imported food costs dropped. The Monetary Policy Committee observed that business loans also dipped significantly during the last quarter.
Foreign reserves luckily climbed past five billion American dollars before the year ended. Decision makers plan to watch if recent wage hikes make people purchase too many foreign products.
Regular citizens apparently stopped borrowing cash for cars and credit cards as private sector lending hit a wall. Liquidity improved with banks sitting on piles of extra reserves, while inflation barely moved because imported food costs dropped. The Monetary Policy Committee observed that business loans also dipped significantly during the last quarter.
Foreign reserves luckily climbed past five billion American dollars before the year ended. Decision makers plan to watch if recent wage hikes make people purchase too many foreign products.
