The Central Bank has announced a reduction in its policy rate by 50 basis points, going from 6.25 to 5.75% effective 1 April 2015. The decision was reached during a Monetary Board meeting in March 2015.
From a statement issued by the Central Bank of the Dominican Republic:
“At its monetary policy meeting in March 2015, the Central Bank of the Dominican Republic (CBDR) decided to reduce its monetary policy interest rate (MPR) by 50 basis points, going from 6.25% to 5.75% per year, from 1 April 2015. According to the management scheme for short-term liquidity of the CBDR, bearing deposits rate (overnight) have been reduced to 4.25%. Similarly, the rate of expansion facilities, through purchases of securities under repurchase agreements (repos) decreased to 7.25% annually.”
http://www.bancentral.gov.do/notas_pm/2015/03/30/636/bcrd-reduce-su-tasa-de-inters-poltica-monetaria-en-50-puntos-bsicos