Medina A Step Closer to Running

DOMINICAN REPUBLIC - Report 21 Apr 2015 by Pavel Isa
Executive Summary The IMAE for January and February shows that growth, though still strong, is slowing. Inflation in March reached 0.14%, and accumulated inflation in Q1 was only 0.16%, while y/y inflation continues to decline. Monetary policy remains tight, though at the end of March the Central Bank cut its policy rate, a move we interpret as a backslide. Yet Central Bank titles continue to be actively used. Average lending interest rates continued to rise, though more slowly.The exchange rate declined modestly, as international net reserves hit record highs. The Ministry of Finance annou...

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