Central Bank holds benchmark rate at 5.0%
Santo Domingo.- Dominican Republic’s Central Bank held its benchmark rate at 5.0%, “taking into consideration the forecast models that predict inflation near the target in the monetary policy horizon.”
It said first quarter inflation was 1.97%; 4.97% in March, which it affirms is within this year’s target.
In a statement issued in its monetary policy meeting in April, the Central Bank said some indicators show that higher deceleration than expected in production and demand affected the economic activity.
Category: DR News |