During the COVID-19 pandemic, the Central Bank of Trinidad and Tobago reduced the reserverequirement for commercial banks from 17% to 14% and also reduced the repo rate by 150 basispoints from 5.0% to 3.5%. The Government of the Republic of Trinidad and Tobago laterimplemented a stay-at-home order which required all citizens to remain at their homes unless theywere engaged in essential services or activities

You are required to:

• Critically assess the impact of these measures on the Trinidad and Tobago economy?
• In your evaluation would you was the action taken by the Central effective