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During the COVID-19 pandemic, the Central Bank of Trinidad and Tobago reduced the reserve requirement for commercial banks from 17% to 14% and also reduced

During the COVID-19 pandemic, the Central Bank of Trinidad and Tobago reduced the reserve requirement for commercial banks from 17% to 14% and also reduced the repo rate by 150 basis points from 5.0% to 3.5%. The Government of the Republic of Trinidad and Tobago later implemented a stay-at-home order which required all citizens to remain at their homes unless they were engaged in essential services or activities You are required to: Critically assess the impact of these measures on the Trinidad and Tobago economy

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