Trinidad and Tobago: base interest rate 2010-2018

Trinidad and Tobago is one of the Latin American and Caribbean countries whose monetary policy rates have been increasing in the last few years. Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates. In 2018, the Central Bank of Trinidad and Tobago set the monetary policy rate at 4.91 percent, an increase of more than two percentage points when compared to 2013, when it stood at 2.75 percent.

Monetary policy rate in Trinidad and Tobago from 2010 to 2018

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Source

Release date

December 2018

Region

Trinidad and Tobago

Survey time period

2010 to 2018

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