2024 will begin without changes in the monetary policy interest rate

DOMINICAN REPUBLIC - In Brief 31 Dec 2023 by Magdalena Lizardo
The monetary policy interest rate will remain at 7.00% annually in the month of January 2024, while the rate of the permanent liquidity expansion facility (1-day Repos) will continue at 7.50% annually and the interest-bearing deposit rate (Overnight) will remain at 5.50% annually. The decision was made by the Central Bank of the Dominican Republic in its last meeting of 2023. According to the BCRD, the measure takes into account the significant reduction in interannual inflation, which stood at 4% in November 2023 and is expected to close the year 2023 below 4%. The inflation target is 4% ± 1.0%.

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