Monetary policy rate unchanged in March 2023

DOMINICAN REPUBLIC - In Brief 01 Mar 2023 by Magdalena Lizardo
The Central Bank decided yesterday to maintain the monetary policy rate at 8.5% per year, the same level in force since Nov 2021. The permanent liquidity expansion facility rate (1-day Repos) is also kept unchanged at 9% per year and the rate of remunerated deposits (overnight) at 8% per year. The Central Bank understands that the MPR is at an adequate level to facilitate the convergence of annual inflation towards the target range of 4±1%, given that the monetary policy transmission mechanisms are operating as expected, there are lower upward pressures on international commodity prices and the government maintains its subsidy policy.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.