Dominican Republic signals possible end to hikes

Banco Central de la República Dominicana
Central Bank of the Dominican Republic

The Dominican Republic central bank’s board ordered a 25bp rate hike on October 31, but indicated this may be the last increase in its cycle.

The increase – the tenth since last November – brings the policy rate to 8.5%, 550bp above its pandemic rate.

In its statement, the board said the policy rate had reached the “appropriate level” for inflation to reach its target level by June 2023.

The central bank’s inflation target is 4%, plus or minus one percentage point. The board estimated the

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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