Fed communication driving Trinidad and Tobago policy
MPC cites Fed guidance on interest rates as the ‘most influential factor’ in its decisions
The Federal Reserve's communication about interest rates continues to drive monetary policy in Trinidad and Tobago, where the central bank cited it as the "most influential factor" in its decision to raise its key rate for the sixth consecutive meeting on July 31.
The Central Bank of Trinidad and Tobago's monetary policy committee (MPC) has increased the repo rate, which now sits at 4.25%, by 150 basis points since September 2014. In each of the past four meetings it has cited "forward guidance"
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