The Central Bank of the Dominican Republic (BCRD) on 14 January 2025 released an overview on the economy in 2024. The Central Bank highlighted the capping of inflation within its target range throughout 2024, the economic growth near its potential of 5% and the robust financial system. The briefing analyzes recent monetary and financial policy measures and their impact on increased liquidity, lower interest rates, and the performance of the financial system.
The BCRD measures in 2024 were successful to maintain sound macroeconomic performance and relative exchange rate stability, despite the narrowing interest rate differential with the United States and heightened volatility in international financial markets. In fact, the Dominican peso depreciated by only 5% in 2024, less than major economies in the region like Brazil, Chile, Colombia, Mexico, Paraguay, and Uruguay...
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