Dominican Republic central bank hikes despite falling inflation

gobernador-hector-valdez-albizu
Hector Valdez Albizu. Photo: Central Bank of the Dominican Republic

The Central Bank of the Dominican Republic raised its policy rate by 50 basis points to 5.5% after holding rates for more than a year, it announced on October 30.

In a statement, the bank said the decision to raise rates had a "preventive character" and sought to generate certainty for financial institutions in the country.

When making the decision, the central bank's board said it considered the balance of risks surrounding inflation projections and market expectations. In September, annual

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.