Oil Price Plunge a Welcome Holiday Gift

DOMINICAN REPUBLIC - Report 22 Dec 2014 by Pavel Isa and Fabricio Gomez
Executive SummaryEconomic activity continued strong in October, with the monthly economic activity indicator turning in an output rise of 5.9% y/y. Monthly activity growth was 7.1% on average between January and October, and deviation from the average was moderate.Consumer prices fell 0.14% in November, m/m – explained, of course, by the fall in transport prices. The price of regular gasoline fell 7.2%, premium gas by 6.8%, diesel 6%, and GLP by 4.8%. December-to-December inflation will end almost 1 p.p. below the Central Bank’s target range.Monetary policy is still restrictive. The restric...

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