The Central Bank of the Dominican Republic has published a small announcement that says that it will no longer pay 50% annual interest on certificates of deposit. The new interest rate will be 45% for new depositors and for those older certificates that are not renewed by their owners. There will be automatic renewals for 30 days at a rate of 45% per annum. The bank also cancelled direct sales of these certificates to the buying public. The last paragraph of the announcement says that the Central Bank is keeping in tune with the fall in the exchange rate and the reduction in inflation over the months of May and June.