TTD: Near Term Hold But Long-Term Downside Risks

• Fitch maintains its expectation that the Central Bank of Trinidad & Tobago will devalue the Trinidadian dollar in 2019 in response to capital outflows and shortages of hard currency.

 

• However, Fitch acknowledges significant upside risk to its forecasts, given the government’s strong preference for maintaining the peg as a means of containing inflation and boosting purchasing power.

(Source: Fitch