Interest Rate in Dominican Republic
Dominican Republic - Interest Rate
The economy expanded at a slower annual pace in the first quarter of this year than it did in the fourth quarter of last year, although growth was still among the fastest in the CENAM region. The construction sector continued to drive growth in Q1, as did the services, and mining and quarrying sectors. Likely underpinning all of this was a double-digit increase in private sector lending, strong employment growth, a surge in foreign direct investment and healthy tourist arrivals in Q1. Turning to Q2, private sector lending continued to grow rapidly through to May despite softening somewhat, hinting the economy will expand at another robust pace in the quarter; however, an expected slowdown in the U.S. could hurt remittances.Dominican Republic - Interest Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Policy Interest Rate (%) | 6.25 | 6.25 | 5.00 | 5.50 | 5.25 |
Dominican Republic Interest Rate Chart
Source: Dominican Republic Central Bank.
Dominican Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 50.50 | 0.80 % | Jun 14 |
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Economic News
Dominican Republic: Inflation ticks up in April, Central Bank leaves rates unchanged but announces liquidity injection
June 2, 2019
Consumer prices rose 0.53% in April over the prior month, down slightly from March’s 0.65% increase.
Dominican Republic: Growth ebbs in the first quarter but was likely still the fastest in the region
May 14, 2019
According to a preliminary estimate released by the Central Bank on 14 May, the economy expanded 5.7% in the first quarter of 2019.
Dominican Republic: Inflation rises in March, Central Bank leaves rates unchanged
April 30, 2019
Consumer prices rose 0.65% in March over the prior month, up from February’s 0.37% increase.
Dominican Republic: Economic activity remains strong at the outset of the year
March 28, 2019
The Dominican Republic’s economy continued to expand at an elevated pace in the first two months of 2019, although year-on-year growth was down somewhat from the rates observed last year, due to a less favorable base effect.
Dominican Republic: Inflation picks up in February
March 13, 2019
Consumer prices rose 0.37% in February over the prior month, contrasting January’s 0.17% decline.
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