The Central Bank of Dominican Republic left its benchmark interest rate unchanged at 3.5 percent during its August meeting.

Interest Rate in Dominican Republic averaged 7.13 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 August of 2020. source: Central Bank of Dominican Republic

Interest Rate in Dominican Republic is expected to be 3.25 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 3.25 in 12 months time. In the long-term, the Dominican Republic Interest Rate is projected to trend around 3.75 percent in 2021 and 4.00 percent in 2022, according to our econometric models.

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Dominican Republic Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.50 50.00 1.00 2004 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-03-02 08:00 PM 4.5% 4.5% 4.5%
2020-05-01 12:00 AM 3.5% 3.5% 3.25%
2020-06-04 10:00 PM 3.5% 3.5% 3.25%
2020-08-03 11:00 PM 3.5% 3.5% 3.25%
2020-09-02 08:00 PM 3.5% 3.25%
2020-10-02 08:00 PM 3.25%
2020-11-02 08:00 PM 3.25%
2020-12-02 08:00 PM 3.25%


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 Leaves Monetary Policy Unchanged
The Central Bank of Dominican Republic left its benchmark interest rate unchanged at 4.5 percent at its March 2020 meeting. The Committee said that the decision is based on the risk balance regarding inflation outlook, market expectations, domestic and international macroeconomic indicators and medium-term projections. Policymakers noted that the annual inflation rate rose to 4.17% (vs 3.66% in December), staying within the bank’s target of 4± 1 percent, and it is expected to remain around that range during 2020. The Committee added they will continue to monitor the potential impact of the coronavirus outbreak and are prepare to react in a timely manner to factors that may hit domestic economy. Policymakers reaffirmed its commitment to drive monetary policy towards the achievement of its inflation target.
2020-03-03
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 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 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.