Trinidad and Tobago: Mortgage credit interest rate
* indicates monthly or quarterly data series
The most recent value is 7.25 percent as of Q1 2024, no change compared to the previous value of 7.25 percent. Historically, the average for Trinidad and Tobago from Q1 1996 to Q1 2024 is 10.62 percent. The minimum of 4.88 percent was recorded in Q4 2002, while the maximum of 15.15 percent was reached in Q2 1999.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Central Bank of Trinidad and Tobago
| Recent values | Trinidad and Tobago: Mortgage credit interest rate, percent |
|---|---|
| 2024 Q1 | 7.25 |
| 2023 Q4 | 7.25 |
| 2023 Q3 | 7.25 |
| 2023 Q2 | 7.25 |
| 2023 Q1 | 7.25 |
| 2022 Q4 | 7.25 |
| 2022 Q3 | 9.5 |
| 2022 Q2 | 6.25 |
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Definition: The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 4.6 | 2023 | percent |
| Exchange rate regimes | 6 | 2022 | index points |
| USD exchange rate | 6.7835 | 12/2024 | Local Currency Units per USD |
| Money supply (broad money) | 102.00 | 8/2024 | billion |
| Consumer Price Index (CPI) | 124.1000 | 9/2024 | index points |
| Inflation, monthly | 0.16 | 9/2024 | percent |
| Inflation, annual | 0.40 | 9/2024 | percent |
| Private sector credit | 75.92 | 9/2024 | billion |
| Business credit | 22.97 | 9/2024 | billion |
| Household credit | 52.96 | 9/2024 | billion |
| Mortgage credit | 19.69 | 9/2024 | billion |
| Consumer credit | 22.49 | 9/2024 | billion |
| Deposit interest rate | 0.50 | Q1/2024 | percent |
| Mortgage credit interest rate | 7.25 | Q1/2024 | percent |