Trinidad & Tobago To Increase Interest Rates In 2019

 

• Fitch Solutions expects the Central Bank of Trinidad and Tobago (CBTT) will continue a rate-hiking cycle in 2019.
•  Rising US interest rates will exacerbate T&T’s unfavorable interest rate differential, driving capital outflows and spurring the CBTT to raise its benchmark policy rate up from 5.00% currently.
• Fitch revised its end-2019 interest rate forecast to 5.50%, down from 5.75%, in line with its expectation of subdued inflation and fewer rate hikes from the US Federal Reserve.

(Source: Fitch)