The latest data from the Central Statistical Office showed continued economic recovery led by non-energy activity in 2023.
The Monetary Policy Committee observed the Trinidad and Tobago economy continued on a path of steady recovery, supported by good credit expansion.
Meanwhile, the CSO reported a decline in the unemployment rate to 3.2 per cent in the third quarter of 2023 compared with 3.7 per cent three months earlier.
Real GDP rose by 3.6 per cent (year-on-year) during the second quarter of 2023 compared with 1.4 per cent in the previous quarter.
Indicators monitored by the Central Bank pointed to a continuation of that trend during the second half of the year, with relatively strong performances in the Wholesale and Retail and the Construction sectors.
The Central Bank said it will continue to carefully monitor and analyse international and domestic developments and prospects.
The next Monetary Policy Announcement is scheduled for June 28, 2024.