Central Bank keeps benchmark rate at 5.0% with 1.91% inflation
Santo Domingo.- DominicanRepublic´s Central Bank on Monday announced its decision to continue its benchmarkrate at 5.00% annually, at its monetary policy meeting in November.
It said the decision onthe interest rate was preceded by a comprehensive analysis of the macroeconomicoutlook, including the balance of risks on inflation projections, marketexpectations and relevant international environment for the Dominican economy.
“It was noted that inOctober, annual inflation rose to 1.23% and, in cumulative terms, inflationrose to 2.08% that month” the Central Bank said on its website.
It adds that it took coreinflation into account, “which reflects the monetary conditions of the economy,which remained at 1.91% annually.