The benchmark interest rate in Barbados was last recorded at 2 percent.

Interest Rate in Barbados averaged 9.05 percent from 1990 until 2020, reaching an all time high of 18 percent in November of 1991 and a record low of 2 percent in April of 2020. This page provides the latest reported value for - Barbados Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Barbados Bank Rate - values, historical data and charts - was last updated on August of 2020.

Interest Rate in Barbados is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Barbados to stand at 2.00 in 12 months time. In the long-term, the Barbados Bank Rate is projected to trend around 2.00 percent in 2021 and 6.00 percent in 2022, according to our econometric models.

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Barbados Bank Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.00 18.00 2.00 1990 - 2020 percent Monthly

Barbados Money Last Previous Highest Lowest Unit
Interest Rate 2.00 2.00 18.00 2.00 percent [+]
Deposit Interest Rate 0.15 0.19 8.83 0.15 percent [+]
Foreign Exchange Reserves 2012995.10 1689787.59 2012995.10 127861.17 BDS Million [+]


Barbados Bank Rate
In Barbados, interest rates decisions are taken by the Central Bank Of Barbados. The official interest rate is the Bank Rate.