1996News

Average prime rate 21.76%

During the period January-June 1996, the average prime rate for loans was 21.76%. According to the report “Average Financial Indexes of the Commercial Banks”, made by the Asociación de Bancos Comerciales de la República Dominicana (ABCRD), the average prime rate for loans in January was 22.49%, in February 22.03%, in March 21.53%, in April 21.31%, …
1996News

Inflation slows

This week the Central Bank announced that the accumulated inflation rate until July, measured by the variations in the Consumer Price Index (CPI) against the figure for December 1995, reached 1.15%, less than that registered in the same period for 1995, which was 4.4%. The annual inflation rate, measured in the same manner for the …
1996News

Denies financial chaos

The director of the Corporación Dominicana de Empresas Estatales (CORDE), Pedro Breton, denied the existence of financial chaos, as recently reported by a leading newspaper. He blamed the monetary board of the Central Bank for freezing the funds needed to finance the public sector. He maintained that all the companies in CORDE are up to …