The Central Bank of Trinidad and Tobago left its benchmark interest rate unchanged at 3.50 percent on 25 June 2021. The Monetary Policy Committee said that developments in the energy industry and pandemic-induced reactions by the public and private sectors shaped the domestic economic picture in the first half of 2021. Regarding inflation, it remained contained at 1.1 percent from a year ago in April 2021. source: Central Bank of Trinidad and Tobago

Interest Rate in Trinidad and Tobago averaged 4.95 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 September 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. 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.

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Trinidad and Tobago Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.50 8.75 2.75 2002 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-09-25 09:00 PM 3.5% 3.5% 3.25%
2020-12-30 09:00 PM 3.5% 3.5% 3.5%
2021-03-26 09:30 PM 3.5% 3.5% 3.5%
2021-06-25 09:30 PM 3.5% 3.5% 3.5%


News Stream
Trinidad and Tobago Holds Interest Rate at 3.5%
The Central Bank of Trinidad and Tobago left its benchmark interest rate unchanged at 3.50 percent on 25 June 2021. The Monetary Policy Committee said that developments in the energy industry and pandemic-induced reactions by the public and private sectors shaped the domestic economic picture in the first half of 2021. Regarding inflation, it remained contained at 1.1 percent from a year ago in April 2021.
2021-06-25
Trinidad and Tobago Holds Interest Rate at 3.5%
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.
2021-03-26
Trinidad and Tobago Holds Interest Rate at 3.5%
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.
2020-12-30
Trinidad and Tobago Keeps Interest Rate at 3.50%
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.
2020-09-25

Trinidad and Tobago Interest Rate
The official interest rate is the Repo Rate.