Interest Rate in Trinidad and Tobago
Trinidad and Tobago - Interest RateThe economy likely fared well in the second half of 2019. Production of LNG, methane and ammonia increased notably in annual terms in July–November. Moreover, public spending on infrastructure projects should have also supported economic activity, as suggested by robust cement sales in H2, which are indicative of a stronger construction sector. In addition, private-sector credit growth picked up in July-October relative to the H1 average, boding well for domestic demand. That said, in January–October laid-off workers jumped significantly year-on-year according to the Central Bank, hinting at a sluggish labor market. This follows Q2’s sharp contraction in economic activity, when the energy sector declined due to unplanned shutdowns at Atlantic LNG.
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||6.76||0.39 %||Jan 01|
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