The Cen­tral Bank of Trinidad and To­ba­go (CBTT) says do­mes­ti­cal­ly, the flu­id geopo­lit­i­cal ten­sion be­tween the Unit­ed States and Venezuela is con­tribut­ing to build­ing eco­nom­ic un­cer­tain­ty.

“Nonethe­less, in­fla­tion is well con­tained, cred­it growth is still rea­son­able, and liq­uid­i­ty con­di­tions have im­proved. How­ev­er, eco­nom­ic growth is some­what ten­ta­tive,” the CBTT said in its Mon­e­tary Pol­i­cy state­ment is­sued on Wednes­day, the the last work­ing day in 2025.

It said that the pos­i­tive ef­fect of high­er en­er­gy pro­duc­tion in the sec­ond quar­ter of 2025, dri­ven by two new nat­ur­al gas fields, may be par­tial­ly off­set by a non-en­er­gy sec­tor that is los­ing mo­men­tum across sev­er­al sub-sec­tors.