Interest Rate in Trinidad and Tobago
Trinidad and Tobago - Interest RateThe economy likely performed poorly in the second quarter. LNG output contracted sharply year-on-year, while natural gas production abated in April and May despite new facilities coming online in February, and crude output also slid. Moreover, local cement sales contracted—indicating weaker construction activity—while business lending was down sharply in April and May. That said, consumer loan growth accelerated in the same period, which, coupled with subdued inflation, bodes well for consumer spending. This comes after the economy likely rebounded in Q1 due to a stronger performance in the energy sector. Credit rating agency S&P lowered Trinidad’s credit rating to BBB stable from BBB+ negative in early July, noting weaker expected energy production and a lack of success in boosting revenue collection and improving the reporting of economic data.
Trinidad & Tobago - Interest Rate Data
|Policy Interest Rate (%)||2.75||3.25||4.75||4.75||4.75|
5 years of economic forecasts for more than 30 economic indicators.
Trinidad & Tobago Facts
|Exchange Rate||6.77||0.39 %||Jul 31|
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