The Central Bank of Trinidad and Tobago left its benchmark interest rate unchanged at 3.50 percent on 25 September 2020 after keeping it unchanged in the June meeting. Policmakers underscored that globally there is little sign of an overall deceleration in the pace of coronavirus infections. They also mentioned that the average prime lending rate from 9.25 to 7.50% while average loan rates declined from 7.52 to 7.40%, and average deposit rates from 0.68 to 0.64% in Q2. Policymakers added that they will continue to closely monitor domestic and international developments.
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 October of 2020. source: Central Bank of Trinidad and Tobago
Interest Rate in Trinidad and Tobago is expected to be 3.25 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 3.25 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.