Central Bank keeps benchmark rate at 5.0%

Santo Domingo.- DominicanRepublic´s Central Bank on Monday said it kept its monetary policy interestrate at 5.0% annually, a decision adopted after analyzing inflation projections,private sector expectations, domestic macroeconomic outlook and the internationalambiance relevant for the Dominican economy.

It said the benchmarkrate was set at its monetary policy meeting in August, as annual of inflationrose to 0.50% in July, and stood at 0.85% during the first seven months.

“Core inflation, anindicator that reflects the economy´s monetary conditions, stood at 2.11% inter-annually,”the Central Banks added.