Macroeconomic Forecast Trinidad & Tobago

Guyana's central bank maintained its benchmark repo rate at 3.0% in late December 2011, as inflation increased to 5.7% y-o-y in November from 3.7% y-o-y in October, largely on the back of rising food prices. We forecast the repo rate will be hiked modestly to 4.0% by end-2012, though any deterioration in economic conditions could cause us to revise our forecast lower.

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