Interest Rate in Dominican Republic
Dominican Republic - Interest Rate
The economy continued to boom in the fourth quarter according to preliminary data, rounding off an impressive 2018 during which growth was likely by far the highest in the CENAM region. Q4’s performance was underpinned by the construction and services sectors, with construction benefiting from ongoing projects in the private residential housing, tourism and energy sectors, and services from solid credit growth and low price pressures. Over 2018 as a whole, flash Central Bank figures point to healthy growth in exports, remittances and tourism revenue. This is largely thanks to strong dynamics in the U.S. economy, the Dominican Republic’s key trading partner. On the political scene, the government recently announced its intention to sell a stake in the new Punta Catalina power plant, which could provide a one-off boost to public coffers. The plant, when fully operational, will significantly increase domestic electricity production.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 | 50.33 | 0.80 % | Jan 14 |
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Economic News
Dominican Republic: Inflation falls sharply in December
January 8, 2019
Consumer prices fell 0.22% in December over the prior month, coming after November’s 0.35% month-on-month decline.
Dominican Republic: Strong final quarter caps stellar 2018
December 27, 2018
According to a preliminary estimate released by the Central Bank on 27 December, the economy expanded 7.1% in annual terms in the fourth quarter.
Dominican Republic: The economy continues to roar in Q3
October 23, 2018
According to a preliminary estimate released by the Central Bank on 23 October, the economy expanded 7.3% in annual terms in the third quarter.
Dominican Republic: Inflation falls again in September
October 12, 2018
Consumer prices rose 0.08% in September over the prior month, up from August’s 0.03% rise.
Dominican Republic: 2019 budget aims to continue putting the fiscal house in order
October 4, 2018
On 28 September, the government presented its 2019 budget to congress, and parliamentary approval should not be too difficult given the government’s absolute majority in both chambers.
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