Dominican Central Bank holds benchmark rate at 6.25%

Santo Domingo.- Dominican Republic’s Central Bank on Sunday said the Monetary Board will keep its benchmark 6.25% per annum interest rate unchanged.

It said the decision resulted from an analysis of the outlook and the balance of risks on inflation projections.

“In that regard, despite that the inter-annual inflation was only 1.16% in January, a rate below this year’s target of 4.0% ± 1%, projections continue to indicate that in the monetary policy horizon, inflation will converge to its medium-term objective,” the Central Bank said.