Dominican Republic cuts key rate by 50bp

Central bank expects headline inflation will have returned to target in May

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

The Dominican Republic’s central bank cut its policy rate on May 31, the first time it has done so since September 2020.

The Central Bank of the Dominican Republic’s board cut the rate by 50 basis points to 8%. In its statement, the board said it expected inflation would return to its target range (4% ± 1%) in the May reading.

Headline inflation was 5.15% in April, down from 5.9% in March, while the core figure fell to 5.8%, from 6.2% the previous month. The central bank expects headline

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