Trinidad’s Central Bank May Raise Repo Rate, Express Reports
Trinidad and Tobago’s central bank may raise the Caribbean island’s benchmark repo rate to control inflation, the Trinidad Express reported, citing comments by bank president Jwala Rambarran.
The bank will announce a possible rate adjustment next week in the context of rising consumer prices, the Port of Spain- based newspaper cited Rambarran as saying.
Annual inflation accelerated to 12.6 percent in May from 11.8 percent in April, according to the latest report from the central bank.
To contact the reporter on this story: Eric Sabo in Panama City at email@example.com.