​Increase of 100 basis points in the monetary policy rate

DOMINICAN REPUBLIC - In Brief 01 Jun 2022 by Magdalena Lizardo
The Central Bank decided yesterday to increase the monetary policy rate from 5.5% to 6.5% per year. Since November 2021, the rate has increased 350 bp, as part of the Central Bank's policy decisions to counter rising inflation. The rate of the permanent facility for liquidity expansion (1-day Repos) increases from 6.00% to 7.00% per year and the interest-bearing deposit rate (Overnight) from 5.00% to 6.00% per year.

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