The Association of Commercial Banks of the Dominican Republic reported yesterday that the average interest rate on loans has dropped 10% in the past six months, as reported in the Listin Diario. Furthermore, yields on certificates of deposit have remained stable at approximately 21%. The average interest rate for business loans in April-May was reportedly 35%, which then declined to 32% in November 2004. The average rate for personal loans declined from 38% six months ago to 35% in November.
See http://www.bancentral.gov.do/estadisticas.asp?a=Tasas_de_Inter%e9s