A Battle for the Presidency

DOMINICAN REPUBLIC - Report 20 Mar 2015 by Pavel Isa and Fabricio Gomez

Executive Summary

Preliminary Central Bank estimates put the 2014 NFPS deficit at 3.0% of GDP, 0.2 percentage points above the target. Though this comes as a surprise, definitive figures are yet to be seen.

Inflation rebounded to its normal levels February, with deflationary pressures declining as oil prices recovered.Monetary policy has not changed, but average interest rates have risen, due to the mandatory reserve increase the Central Bank ordered in response to unexpected currency depreciation in January. The currency weakened, then stabilized in February.

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