The benchmark interest rate in Barbados was last recorded at 7 percent. Interest Rate in Barbados averaged 9.17 percent from 1990 until 2019, reaching an all time high of 18 percent in November of 1991 and a record low of 7 percent in June of 2009.
Interest Rate in Barbados is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Barbados to stand at 5.75 in 12 months time. In the long-term, the Barbados Bank Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.