The Central Bank reduces the monetary policy rate by 25 basis points

DOMINICAN REPUBLIC - In Brief 01 Sep 2023 by Magdalena Lizardo
Yesterday the Central Bank decided to reduce the monetary policy rate from 7.75% per year to 7.50% per year. The rate of the permanent liquidity expansion facility was also reduced by 25 basis points, going from 8.25% per year to 8.00% per year. However, the Central Bank opted for a greater reduction in the interest-bearing deposit rate (Overnight), equivalent to 50 basic points, going from 6.75% per year to 6.25% per year.

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