Dominican Republic Interest Rate

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The central bank of the Dominican Republic raised its benchmark interest rate by 25bps to 5.75 percent at its April 2017 meeting. Policymakers said the decision took into account the outlook for inflation and growth, market expectations and the international environment. The inflation increased to 3.34 percent in February, coming back to the central bank target range of 4% ± 1% for the first time since August of 2014 and is expected remain around target in the monetary policy horizon. Economic activity continues to grow above its potential, although it is expected to converge to this level in the medium term. Interest Rate in Dominican Republic averaged 7.67 percent from 2004 until 2017, reaching an all time high of 50 percent in February of 2004 and a record low of 1 percent in January of 2004.


Dominican Republic Interest Rate

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In the Dominican Republic, interest rate decisions are taken by the Central Bank of Dominican Republic. The official interest rate is the Overnight Interest Rate. This page provides the latest reported value for – Dominican Republic Interest Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Dominican Republic Interest Rate – actual data, historical chart and calendar of releases – was last updated on April of 2017.

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