The benchmark interest rate in Dominican Republic was last recorded at 3 percent. source: Central Bank of Dominican Republic

Interest Rate in Dominican Republic averaged 7.02 percent from 2004 until 2020, reaching an all time high of 50 percent in February of 2004 and a record low of 1 percent in January of 2004. This page provides the latest reported value for - Dominican Republic Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Dominican Republic Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Interest Rate in Dominican Republic is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Dominican Republic to stand at 3.00 in 12 months time. In the long-term, the Dominican Republic Interest Rate is projected to trend around 3.25 percent in 2021 and 3.75 percent in 2022, according to our econometric models.

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Dominican Republic Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 50.00 1.00 2004 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-09-02 08:30 PM 3.0% 3.5% 3.25%
2020-10-02 08:00 PM 3.0% 3.0% 3.0%
2020-11-02 09:00 PM 3.0% 3.0% 3.0%
2020-12-02 08:00 PM 3.0% 3.0% 3.0%


News Stream
Dominican Republic Holds Interest Rate at 3.5%
The Central Bank of Dominican Republic left its benchmark interest rate unchanged at 3.5% during its May 2020 meeting. Policymakers said that the decision is based on the uncertainty regarding the impact of the coronavirus pandemic in the economy. The Committee noted that the annual inflation rate fell to 1.07% in April from 2.45% in the previous month, below its target range, and it is expected to remain below the low range until the end of the year. Policymakers added that they will continue to monitor the economic impact of the Covid-19 and they are prepared to react in a timely manner to factors that may generate deviations from the inflation target and affect economic growth.
2020-06-04
Dominican Republic Leaves Monetary Policy Unchanged
The Central Bank of Dominican Republic left its benchmark interest rate unchanged at its April 2020 meeting. Policymakers said that the decision is based on the uncertainty regarding the impact of the coronavirus pandemic in the economy. The Committee noted that the annual inflation rate fell to 2.45% in March, below its target range, and it is expected to remain below the low range until the end of the year. Policymakers added that they will continue to monitor the economic impact of the covid-19 and they are prepared to react in a timely manner to factors that may generate deviations from the inflation target and affect economic growth.
2020-05-01

Dominican Republic Interest Rate
In the Dominican Republic, interest rate decisions are taken by the Central Bank of Dominican Republic. The official interest rate is the Overnight Interest Rate.