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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Economic Commission for Latin America and the Caribbean. (December 24, 2018). Monetary policy rate in Trinidad and Tobago from 2010 to 2018 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1061299/trinidad-and-tobago-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean. "Monetary policy rate in Trinidad and Tobago from 2010 to 2018." Chart. December 24, 2018. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1061299/trinidad-and-tobago-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean. (2018). Monetary policy rate in Trinidad and Tobago from 2010 to 2018. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1061299/trinidad-and-tobago-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean. "Monetary Policy Rate in Trinidad and Tobago from 2010 to 2018." Statista, Statista Inc., 24 Dec 2018, https://www.statista.com/statistics/1061299/trinidad-and-tobago-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean, Monetary policy rate in Trinidad and Tobago from 2010 to 2018 Statista, https://www.statista.com/statistics/1061299/trinidad-and-tobago-monetary-policy-rate/ (last visited August 25, 2024)
Monetary policy rate in Trinidad and Tobago from 2010 to 2018 [Graph], Economic Commission for Latin America and the Caribbean, December 24, 2018. [Online]. Available: https://www.statista.com/statistics/1061299/trinidad-and-tobago-monetary-policy-rate/