Central Bank Maintains Monetary Policy Rate Unchanged

DOMINICAN REPUBLIC - In Brief 01 Apr 2025 by Magdalena Lizardo
For the fourth consecutive month, the Central Bank of the Dominican Republic (BCRD) will keep the monetary policy rate unchanged as of January 2025. In April 2025, the policy rate will remain at 5.75% per year. Similarly, the interest rate on the permanent liquidity expansion facility (1-day repos) remains at 6.25% annually, while the rate on the permanent facility for remunerated deposits (overnight) continues at 4.50% annually. According to the Central Bank, the decision took into account recent developments in the international environment, particularly financial market volatility and the appreciation of the U.S. dollar, within a context of heightened global uncertainty and high interest rates in the United States. Domestically, the Bank considered the recent slowdown in private sector credit growth and internal demand, as well as the continued alignment of inflation within the target range of 4.0% ± 1.0%.

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