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Central Bank cuts 50 points in Overnight Rate

Santo Domingo.- Dominican Republic’s Central Bank on Thursday cut 50 base points in the Libor (London Interbank Overnight Rate) from 5.50% to 5% annually, a measure adopted yesterday in its monthly monetary policy meeting.

In a statement the Central Bank reports that inflation forecasts are still below the target, both for this year as well as 2013.

It said the inter-annual inflation rate fell to 1.64% in July with annual inflation at 3.16%, for which “the forecast models don’t foresee significant inflationary pressures on the monetary policy horizon for two years.”

Source: Dominican Today

Category: DR News |

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Last updated March 23, 2017 at 1:16 AM
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