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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.

Source: DT

Category: DR News |

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Last updated October 22, 2016 at 2:00 PM
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