Guatemala and Dominican Republic raise rates

Central America and Caribbean Islands
Central America and Caribbean Islands

Dominican Republic: The board of the Central Bank of the Dominican Republic (BCRD) raised its reference rate by 25 basis points on August 30, to 8%. This was the eighth increase in the last 10 monthly meetings, amounting to 500bp of tightening.

In its press statement, the central bank’s board said that inflation had diminished slightly from its high in April, when it reached 9.6%. In July, consumer price index inflation came in at 9.4%. Core inflation had also fallen modestly, from 7.3% in May

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