The central bank of Dominican Republic left its benchmark interest rate steady at 5.5 percent at its November 2018 meeting. Policymakers noted that annual inflation edged up to 3.52 percent in October 2018 from 3.29 percent in September, but remained well below the target range (4.0 percent ± 1.0 percent). The bank also added that Dominican economy continues to evolve well, with economic activity expected to grow near 6.5 percent in 2018. 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.

Dominican Republic Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-03 05:45 PM Interest Rate Decision 5.50% 5.50% 5.50%
2018-10-02 02:30 PM Interest Rate Decision 5.50% 5.50% 5.50%
2018-11-01 11:00 PM Interest Rate Decision 5.50% 5.50% 5.50%
2018-11-30 09:10 PM Interest Rate Decision 5.5% 5.50% 5.50%
2018-12-28 08:00 PM Interest Rate Decision 5.5% 5.50%


Dominican Republic Money Last Previous Highest Lowest Unit
Interest Rate 5.50 5.50 50.00 1.00 percent [+]
Deposit Interest Rate 7.20 6.60 21.12 4.86 percent [+]
Money Supply M0 97072.10 96701.60 102415.30 7390.30 USD Million [+]
Money Supply M1 330124.60 333008.70 345625.60 18120.40 USD Million [+]
Money Supply M2 1014341.70 1014120.20 1037136.10 43544.50 USD Million [+]
Money Supply M3 1346553.20 1343790.30 1355644.50 45304.40 USD Million [+]
Foreign Exchange Reserves 7329.10 7434.80 8050.30 165.20 USD Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.50 5.50 50.00 1.00 2004 - 2018 percent Daily




Country Last Previous
Argentina 59.44 Dec/18
Turkey 24.00 Dec/18
Mexico 8.00 Nov/18
Russia 7.75 Dec/18
South Africa 6.75 Nov/18
Brazil 6.50 Dec/18
India 6.50 Dec/18
Indonesia 6.00 Nov/18
China 4.35 Nov/18
Saudi Arabia 2.75 Nov/18
United States 2.25 Nov/18
Singapore 1.97 Nov/18
Canada 1.75 Dec/18
South Korea 1.75 Nov/18
Australia 1.50 Dec/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Dec/18
France 0.00 Dec/18
Germany 0.00 Dec/18
Italy 0.00 Dec/18
Netherlands 0.00 Dec/18
Spain 0.00 Dec/18
Japan -0.10 Nov/18
Switzerland -0.75 Dec/18


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