Interest Rate in Dominican Republic

Dominican Republic Interest Rate | Economic News & Forecasts

Dominican Republic - Interest Rate

The 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

2013  2014  2015  2016  2017  
Policy Interest Rate (%)6.25  6.25  5.00  5.50  5.25  

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Dominican Republic Interest Rate Chart

Dominican Republic Interest Rate
Note: Overnight interest rate in %.
Source: Dominican Republic Central Bank.

Dominican Republic Facts

Exchange Rate50.970.80 %Jul 31

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