And the process of gradual disinflation did not just affect individual, volatile components of inflation such as energy. Instead, it reflected a broad-based reduction in all major inflation components since last summer. The disinflationary trend was further confirmed by the latest yearly inflation figures published by Eurostat. These were revised down by almost half a percentage point to 0.7% in October.
Regional financial integration With the drive towards a Caribbean Single Market and Economy, central banks can enhance regional financial cooperation in other ways. One is through the development of real time data sources on liquidity and interest rate movements shared with the region on a daily basis.