The Central Bank of the Dominican Republic announced on 31 January 2019 that it would maintain its monetary policy reference interest rate at the current 5.5%. This decision was based on the -0.22% inflation rate for December, ending the year at 1.17%.
The underlying inflation, which isolates the effects of volatile components, closed the year at 2.47%. The system of forecasts indicates that inflation converges gradually to the range of 4.0% +/- 1% at the 24-month horizon.
Recently, the International Monetary Fund (IMF) published the update of its report on World Economics and they stressed the deceleration of world economic growth, reducing their projection for 2019 from 3.7% to 3.5% and for 2020 from 3.9% to 3.7%.
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Banco Central
4 February 2019
