2009News

CB suspends certificates

The Central Bank has announced that it is temporarily suspending the placement of investment certificates for the general public and non financial businesses. The CB also announced a reduction in the interest rates for re-financing of current investments. The Overnight interest was reduced to 4.0% and the Lombarda interest rate was also reduced by 1%. The Bank seeks to increase its liquidity level, potentially putting an added RD$10 billion in circulation during the last four months of the year.