The Central Bank reports no change in the Reference Interest Rate that continues at 5% yearly yield. The decision is based on the fact that inflation has remained within the target of 5% ? 1 percentage point in 2013 and is expected to keep within the range of 4.5% ? 1 percentage point in 2014, says the bank in a statement. It reports that inter-year inflation is at 4.76% as a result of tax increases that generated 1.26% inflation.
The Central Bank reports that economic growth for the Dominican Republic in 2012 was 3.9%, more than the 3.1% average for Latin America, according to the Economic Commission for Latin America and the Caribbean (ECLAC).
www.bancentral.gov.do/notas_pm.asp?a=bc2013-02-28