The Vice Governor of the Central Bank, Luis Manuel Piantini, told the Listín Diario that interest rates will begin a downward trend after several months of increase. The Central Bank will gradually implement a new policy over 15 months that will allow banks use of the frozen funds of the excess of the legal reserve that adds up to RD$1,417 million. Interest rates surged earlier this year when the Central Bank limited money in circulation in order to restrain a run on the exchange rate.
