The central bank of Dominican Republic left its benchmark interest rate steady at 5.5 percent at its December 2018 meeting. Policymakers noted that the annual inflation rate decreased to 2.37 percent in November 2018 from 3.52 percent in the prior month. It is the lowest inflation rate since January 2017, and remained well below the target range (4.0 percent ± 1.0 percent). The bank also added that Dominican economy continues to evolve well despite challenging conditions abroad. Interest Rate in Dominican Republic averaged 7.41 percent from 2004 until 2018, reaching an all time high of 50 percent in February of 2004 and a record low of 1 percent in January of 2004.
Interest Rate in Dominican Republic is expected to be 5.50 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 5.75 in 12 months time. In the long-term, the Dominican Republic Interest Rate is projected to trend around 5.25 percent in 2020, according to our econometric models.