REVIEW OF THE ECONOMY 2013
52
SUSTAINING GROWTH, SECURING PROSPERITY
Figure 16:
Commercial Banks’ weighted
average deposit and loan spread
Source: Central Bank of Trinidad and Tobago
The spread between the weighted average
deposit rates and the weighted average loan
rates registered a seven and a half percentage
point difference for most of the months during
the review period October 2012 to June 2013
(Figure 16)
. Interest rates on government short
term paper such as the 3-month treasury bills
and the 6-month treasury bills were subdued
and trending in a downward trajectory over the
review period. The rate on 3-month treasury
bills fell from 0.54 percent in October 2012
to 0.14 percent on June 12, 2013. There was a
parallel decline in the interest rate on 6-month
treasury bills, which declined from 0.55 percent
in November 2012 to 0.18 percent in May 2013.
Source: Central Bank of Trinidad and Tobago
Figure 15:
Repo Rate and Prime Interest Rates
THE MONETARY SECTOR
