The Governor of the Central Bank, Frank Guerrero Prats, told foreign bankers with Dominican corresponding relationships, that the country will maintain its pattern of macro-economic growth together with a low inflation rate. Guerrero Prats was in Miami, Florida, for a conference on recent developments in the Dominican economy and future prospects. He affirmed that for the current year the Gross Domestic Product increase can be expected of between 6% and 6.5%, which is considerably greater than any other Latin American nation. He projected an inflation rate between 7% and 8%, despite taking into consideration the fluctuations in the cost of petroleum in international markets, or exchange rates, thanks to governmental controls in effect.
