Dominican Republic keeps rate on hold

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The Central bank of the Dominican Republic kept rates on hold amid lower inflation after its monetary policy meeting on September 28.

Rate-setters left the key rate unchanged at 5.5%. The inflation outlook of the Caribbean economy improved in August, when year-on-year inflation dropped to 3.8% from 4.4% in July. The inflation target is 4% within a 1% band.

After increasing rates by 25 basis points in July, “credit to the private sector in national currency has moderated its year-on-year

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