The Central Bank is again using the monetary policy rate to rein in inflation. Since November 2021, the government has increased the rate from 3% to 8.5% to control money in circulation.
As reported, the Central Bank of the Dominican Republic authorities increased the interest rate from 8.25% to 8.50% per year. The regulatory entity explains the permanent liquidity expansion facility (1-day Repos) increased from 8.75% to 9.00% per year and the rate of interest-bearing deposits (Overnight) from 7.75% to 8.00% per year.
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El Dia
Central Bank
1 November 2022