Subsequently, the VIX trended downward following actions taken by the ECB and other central banks to calm markets. Market anxieties were also reflected in the roller coaster performance of global equity and bond markets in 2012. Financial stability issues in Trinidad and Tobago Ladies and Gentlemen, this brings me to my second point.
While there is an immediate focus on rekindling economic growth in Trinidad and Tobago, the Central Bank is mindful of the threats that a turbulent global setting, sluggish domestic economy and persistently low domestic interest rates pose to the performance and profitability of local financial institutions.