Dominican Republic central bank hikes despite falling inflation

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

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