The Central Bank of Trinidad and Tobago kept its benchmark interest rate on hold at 3.50 percent at its March 31st meeting. The Monetary Policy Committee noted it considers global risks and took particular note of the recent banking problems and the potential repercussions on global financial stability. The committee also mentioned that domestic inflation has slowed and headline inflation decelerated to 8.3 percent in January 2023 (year-on-year) compared with 8.7 percent a month earlier. The MPC acknowledged that unanticipated external impulses and second-round effects of the adjustment to local fuel prices could temper further reductions in inflation in the short run. source: Central Bank of Trinidad and Tobago
Interest Rate in Trinidad and Tobago averaged 4.81 percent from 2002 until 2023, 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 2023.
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 2024, according to our econometric models.