Economy

Economy August 31, 2022 | 9:49 am

Central Bank raises benchmark rate again, now to 8% per year

Santo Domingo.- The Central Bank of the Dominican Republic (BCRD) increased its monetary policy interest rate by 25 basis points, from 7.75% to 8.00% per year. In this way, the rate of the permanent liquidity expansion facility (1-day repos) goes to 8.50% per year and the rate of overnight deposits to 7.50% per year. This decision is based on an exhaustive evaluation of the recent behavior of t... Read more

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