Trinidad's Williams: prepare for inflation wave

Trinidadian inflation is set to surpass the 10% mark in the coming months, Ewart Williams, the governor of the central bank, warned.

Williams told reporters on Monday that the country will be "swimming in double-digit inflation" as a result of abundant credit, fiscal expansion, domestic agricultural shortages and global food prices.

Inflation stood at 9.77% for the year to March.

The central bank raised its benchmark repo rate a quarter point to 8.25% and its cash reserve requirement from 11%

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