The Central Bank of Trinidad and Tobago left its benchmark interest rate unchanged at 3.50 percent on 30 December 2020 after keeping it unchanged in the September and June meetings. Policymakers underscored that while the economy remained subdued during the third quarter of 2020, there were signs of resurgence in construction—notably public works and home repairs—as well as manufacturing. They also mentioned that domestic inflation remained contained, measuring 0.9% YoY in November. However, they warned that food inflation increased to 5.1% in November compared with 2.1% in August, possibly related to Covid-19 disruptions in supply from domestic and imported sources. 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 5.02 percent from 2002 until 2020, 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 January 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 2021 and 3.75 percent in 2022, according to our econometric models.