  The relative fiscal and public debt performance are part of the story that explains the differential credit ratings. Trinidad and Tobago is the only Caribbean country rated “A” by Standards and Poor’s. The Bahamas and Barbados also have investment grade ratings – BBB and BBB minus, respectively.   Trinidad and Tobago dominates regional trade.
BIS Review 51/2006  3  A point that should be emphasised with regard to the appropriate response of monetary policy to supply shocks is that their ultimate effects on inflation and output dynamics will obviously and crucially depend on the reaction of economic agents, especially of the participants in product and labour markets, which is influenced by their expectations about the response of the central bank to such disturbances.