Dominican Republic keeps rate on hold
Inflation decreased to target in August
The Central bank of the Dominican Republic kept rates on hold amid lower inflation after its monetary policy meeting on September 28.
Rate-setters left the key rate unchanged at 5.5%. The inflation outlook of the Caribbean economy improved in August, when year-on-year inflation dropped to 3.8% from 4.4% in July. The inflation target is 4% within a 1% band.
After increasing rates by 25 basis points in July, “credit to the private sector in national currency has moderated its year-on-year
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