Interest Rate in Trinidad and Tobago

Trinidad & Tobago Interest Rate | Economic News & Forecasts

Trinidad and Tobago - Interest Rate

The 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

2013  2014  2015  2016  2017  
Policy Interest Rate (%)2.75  3.25  4.75  4.75  4.75  

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Trinidad & Tobago Facts

ValueChangeDate
Exchange Rate6.770.39 %Jul 31

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