Nevertheless, there is the proposal that central banks should respond very cautiously to asset prices because there is some probability that a bubble might be at the root of asset prices changes. According to this argument, a central bank that leans against changes in asset prices would buy some insurance in case a bubble is on the way. However, this argument remains debatable.
In a difficult and sometimes frustrating environment, CARTAC has been able to help in providing  BIS central bankers’ speeches  1  consultants and training local staff to improve statistics on consumer prices, the balance of payments and national accounts. Trinidad and Tobago considers itself a strong collaborator of the Institution and wholeheartedly supports its work and vision.