In October, consumer prices increased 0.67% over the previous month, which was down from the 0.77% rise recorded in September. The monthly increase reflected higher prices for transport as well as for housing. As a result of the monthly price rise, annual headline inflation jumped from 5.7% in September to 6.2% in October. Despite the surge in inflation, at the latest meeting on 29 November, the Central Bank decided to keep the monetary policy rate unchanged at 5.00%. The move marks a pause in the tightening cycle, which began in September 2010, after the Central Bank had previously refrained from raising interest rates since October 2009. According to monetary authorities, the effects of the previous interest rate hikes are already passing through to the financial sector. Moreover, inflation remains within the 6.0-7.0% target-range set for 2010. This contributed to the Central Bank's decision to leave rates unchanged in October.
Dominican Republic Inflation
Central Bank pauses tightening cycle
November 30, 2010
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Dominican Republic Economic News
October 10, 2016
In September, consumer prices increased 0.04% from the previous month, which contrasted the 0.06% decline observed in August.
October 4, 2016
In August, economic activity increased 5.4% over the same month of last year, according to an estimate of the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica).
October 3, 2016
According to detailed data from the Central Bank, the economy grew a robust 8.7% in the second quarter of the year, marking the best result since Q1 2010.
September 7, 2016
In August, consumer prices declined 0.06% over the previous month, which contrasted the 0.19% rise observed in July and marked the lowest reading in four months.
August 25, 2016
The economy grew 8.7% in the second quarter of the year in annual terms, according to preliminary data from the Central Bank.