Looking ahead, given that our monetary policy continues to be accommodative, a progressive withdrawal of monetary accommodation will be warranted if our assumptions and baseline scenario are confirmed. The Governing Council will continue to monitor very closely all developments so as to ensure that risks to price stability do not materialise.
In Trinidad and 6  See Chapter 3, “External Adjustments to Terms of Trade Shifts” in Regional Economic Outlook, International Monetary Fund Western Hemisphere Department, April 2017.