The Central Bank reduces the monetary policy interest rate from 7.50% to 7.25% annually.

DOMINICAN REPUBLIC - In Brief 02 Nov 2023 by Magdalena Lizardo
On October 31, 2023, the Central Bank of the Dominican Republic (BCRD) decided to reduce the monetary policy interest rate again by 25 basis points, decreasing from 7.50% to 7.25% annually. Also the rate of the permanent liquidity expansion facility (1-day Repos) is reduced from 8.00% to 7.75% annually and the rate of remunerated deposits (Overnight) decreases from 6.25% to 6.00% annually.

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