The Central Bank Pauses the Monetary Policy Interest Rate Reduction Cycle

DOMINICAN REPUBLIC - In Brief 31 Jan 2025 by Magdalena Lizardo
At its monetary policy meeting in January 2025, the Central Bank of the Dominican Republic (BCRD) decided to maintain its monetary policy interest rate (MPR) at 5.75% per annum. Similarly, the rate for the permanent liquidity expansion facility (1-day Repos) remains at 6.25% per annum, while the overnight deposit rate stays at 4.50% per annum. With this decision, the Central Bank halts the 25-basis-point monthly reductions in the monetary policy rate that began in August 2024.

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