The Central Bank of Trinidad and Tobago left its benchmark interest rate unchanged at 3.50 percent on 26 March 2021 after keeping it unchanged in the December meeting. Policymakers underscored that while the economy remained subdued during the fourth quarter of 2020, and that domestic economic conditions are yet to fully stabilize from the COVID-19 shock, also noting that the energy sector experienced significant output falloffs. They also mentioned that domestic inflation remained contained, measuring 0.8% YoY in February. Policymakers added that they will continue to closely monitor domestic and international developments. source: Central Bank of Trinidad and Tobago
Interest Rate in Trinidad and Tobago averaged 4.97 percent from 2002 until 2021, reaching an all time high of 8.75 percent in September of 2008 and a record low of 2.75 percent in September of 2012. This page provides the latest reported value for - Trinidad and Tobago Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Trinidad and Tobago Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Interest Rate in Trinidad and Tobago is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Trinidad and Tobago to stand at 3.50 in 12 months time. In the long-term, the Trinidad and Tobago Interest Rate is projected to trend around 3.50 percent in 2022 and 3.75 percent in 2023, according to our econometric models.