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.


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Dominican Republic Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.50 50.00 1.00 2004 - 2019 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-11-01 11:00 PM 4.50% 4.50% 4.5%
2019-12-02 11:00 PM 4.50% 4.50% 4.5%
2019-12-30 03:30 PM 4.5% 4.50% 4.5%
2020-02-03 08:00 PM 4.5% 4.5% 4.5%
2020-03-02 08:00 PM 4.5% 4.25%
2020-04-01 08:00 PM 4.25%
2020-05-01 08:00 PM 4.25%
2020-06-03 08:00 PM 4%


News Stream
Dominican Republic Holds Interest Rate at 4.5%
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.
2020-02-03
Dominican Republic Holds Interest Rate at 4.5%
The Central Bank of Dominican Republic kept its benchmark interest rate steady at 4.5 percent at its December 2019 meeting, after annual inflation rose to 3.2 percent in November, the highest since October and within the central bank’s target of 4 ± 1 percent. Also, policymakers noted that external uncertainty moderated and added that economic growth is expected to be around its 5.0 percent potential by the end of 2019 and during 2020.
2019-12-30
Dominican Republic Holds Interest Rate at 4.50%
The Central Bank of Dominican Republic left its benchmark interest rate unchanged at 4.50 percent at its November 30 meeting. Policymakers said that the decision is based on the risk balance regarding inflation outlook, international and domestic macroeconomic indicators, market expectations and medium-term projections. The Committee noted that the annual inflation rate was 2.48% in October (vs 2.0 percent in September), still well below the target range (4% +/- 1%) and it is expected to rise to around the medium range by the end of 2019. Policymakers also underscored that economic activity grew 5.2 percent in October and accumulated a 4.8 percent expansion rate in the first ten months of the year.
2019-12-02
Dominican Republic Holds Interest Rate at 4.50%
The Central Bank of Dominican Republic left its benchmark interest rate unchanged at 4.50 percent at its October 31st meeting. Policymakers said that the decision is based on the risk balance regarding inflation outlook, international and domestic macroeconomic indicators, market expectations and medium-term projections. The Committee noted that the annual inflation rate rose to 2.0% in September from 1.7 percent in August boosted by prices of food & non-alcoholic beverages, still well below the target range (4% +/- 1%) and it is expected to rise to around the medium range by the end of 2019. Policymakers also underscored that economic activity grew 5.1 percent in September and accumulated a 4.8 percent expansion rate in the first nine months of the year.
2019-11-01

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.