Central Bank sees little risk to growth, stable inflation

Santo Domingo.- The Dominican Central Bank believes that an environment of risks point to a decline in growth and upward inflation, only if domestic and international situations converge that strongly affect on the local economy .

In its executive summary “Central Bank Monetary Program: Under inflation targets 2018” it notes that this year’s 5.5% initial perspective for economic expansion, is under “the impulse provided by the widened credit and reduction of interest rates.”

“Precisely, the projections made by the Central Bank on loans to the private sector in national currency point to a 11 to 13% growth for 2018, slightly above the 10 to 12% that grew last year,” preliminary data analyzed by Listin Diario show.

The Central Bank’s executive summary adds that, since a portion of the bank reserve was released in July last year, “there’s been an acceleration of credit and a recovery of the expansion of monetary aggregates.”