New increase in the monetary policy rate

DOMINICAN REPUBLIC - In Brief 01 Nov 2022 by Magdalena Lizardo
Yesterday the Central Bank increased the monetary policy rate by 25 basis points, going from 8.25% to 8.50% per year. The new rate for the permanent facility for liquidity expansion (1-day repos) is 9.00% per year, while the new interest-bearing deposit rate (Overnight) is 8.00% per year. The Central Bank understands that local inflation has moderated, falling from a maximum of 9.64% to 8.63% in last September and expects inflation to converge to the target of 4+1 in the second quarter of 2023. It also expects that the economic growth in 2022 will be close to the potential growth of 5%-5.5%.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.