The Central Bank of Dominican Republic kept its benchmark interest rate steady at 4.5 percent at its 31 January 2020 meeting, after annual inflation rose to 3.7 percent in December, within the central bank’s target of 4 ± 1 percent, while core inflation was 2.3 percent. Also, policymakers noted that financial volatility intensified following the coronavirus outbreak, while mentioning that IMF global growth forecasts were downwardly revised. On the domestic side, the bank underscored the 5.1 percent GDP expansion for 2019 and the 6.7 percent growth of economic activity for December.
Interest Rate in Dominican Republic averaged 7.25 percent from 2004 until 2019, 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. source: Central Bank of Dominican Republic
Interest Rate in Dominican Republic is expected to be 4.25 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 4.00 in 12 months time. In the long-term, the Dominican Republic Interest Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.