Interest Rate in Dominican Republic
Dominican Republic - Interest RateThe economy remains strong, even though year-on-year growth is likely slowing due to a high base effect. Subdued inflationary pressures and a robust private-sector credit expansion through February bode well for household spending. Moreover, tourist arrivals grew healthily in January, particularly from the U.S, while the monthly manufacturing activity index reached an all-time high in the same month according to the Association of Industries of the Dominican Republic (AIRD). This follows a rip-roaring performance in 2018, which likely saw the economy register by far the fastest growth in the CENAM region. On the political front, the signing of the Electricity Pact was postponed once again in mid-February, and a new signing date has yet to be set. Consequently, the electricity sector will remain a drag on growth and the fiscal position.
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||50.50||0.80 %||Mar 11|
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February 28, 2019
Consumer prices fell 0.17% in January over the prior month, following December’s 0.22% month-on-month decline.
January 8, 2019
Consumer prices fell 0.22% in December over the prior month, coming after November’s 0.35% month-on-month decline.
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.
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.
October 12, 2018
Consumer prices rose 0.08% in September over the prior month, up from August’s 0.03% rise.