Interest Rate in Dominican Republic
Dominican Republic - Interest RateThe economy sputtered in the second quarter, with growth falling to a near two-year low. The slowdown was likely influenced by a more adverse external environment and domestic pre-election uncertainty capping investment. Moreover, remittances were almost flat year-on-year, slowing from bumper growth in Q1, which could have hurt private consumption. Turning to the second half of the year, the Central Bank’s monetary easing, coupled with recent liquidity injections, should be supporting credit provision and growth. However, the crucial tourism sector is a concern; recent bad press over visitor deaths is likely to hit U.S. arrivals, as suggested by flight bookings data for July and August. In politics, President Danilo Medina recently announced he will not seek re-election in 2020. His re-election would have required constitutional reform, and the prospect of it generated protests outside congress. As a result, the move bodes well for institutional stability.
Dominican Republic - Interest Rate Data
|Policy Interest Rate (%)||6.25||6.25||5.00||5.50||5.25|
5 years of economic forecasts for more than 30 economic indicators.
Dominican Republic Interest Rate Chart
Source: Dominican Republic Central Bank.
Dominican Republic Facts
|Exchange Rate||50.97||0.80 %||Jul 31|
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July 31, 2019
The economy lost steam in Q2, according to the Central Bank’s monthly indicator for economic activity (IMAE, Indicador Mensual de Actividad Económica).
July 30, 2019
Consumer prices fell 0.18% in June over the prior month, down from May’s 0.03% fall.
July 1, 2019
The economy appears to have lost steam in Q2, according to the Central Bank’s monthly indicator for economic activity (IMAE, Indicador Mensual de Actividad Económica).
Dominican Republic: Inflation falls in May, Central Bank cuts rates and announces fresh liquidity injection
June 28, 2019
Consumer prices fell 0.03% in May over the prior month, contrasting April’s 0.53% increase.
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.