A further reduction in the monetary policy rate.

DOMINICAN REPUBLIC - In Brief 29 Jun 2023 by Magdalena Lizardo
Today, the Central Bank of the Dominican Republic (BCRD) reduced its monetary policy interest rate by 25 basis points, from 8.00% to 7.75% per year. The rate of the permanent liquidity expansion facility (1-day Repos) was also reduced by the same magnitude, going from 8.50% to 8.25% per year, as well as the interest-bearing deposit rate (Overnight), going from 7.50% to 6.75%. annual. With this decision, the Central Bank hopes to contribute to the reduction of the financing costs of financial entities and consequently in the reduction of interest rates in the financial system.

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