Dominican Republic orders 75bp rate rise

Banco Central de la República Dominicana

The Central Bank of the Dominican Republic added 75 basis points to its monetary policy rate of June 30, continuing a cycle of increases that began last November. The policy rate is now 7.25%, up 425bp from its pandemic level of 3%.

The central bank’s nine-member monetary council has increased rates at six of its last eight monthly monetary policy meetings.

In its press release, the central bank board said that year-on-year headline inflation had “moderated slightly” to 9.47% in May. The April

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

.