IMF staff praise Dominican Republic’s central bank

Banco Central de la República Dominicana

The Dominican Republic’s central bank has made considerable progress in strengthening its monetary policy framework and foreign exchange infrastructure, International Monetary Fund staff said.

The central bank should build its foreign reserves further, the IMF staff said in their report published on August 15.

The central bank’s introduction of inflation targeting in 2012 and its recent adoption of forward targeting have both boosted its credibility, the report said.

“Inflation performance

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