Dominican Republic’s central bank cuts rates again
Caribbean nation’s central bank cuts rates as inflation continues to fall well below target range
The Central Bank of the Dominican Republic reduced interest rates for the second month in a row, it announced on July 31.
The Caribbean nation’s monetary policy committee reduced the main policy rate by 25 basis points to 4.75%, citing lower inflation and growth as reasons for the cut. Its decision follows the 50bp rate cut implemented in June. The central bank’s overnight rate stands at 3.25%, and the repo rate at 6.25%.
The rate cut is one of several worldwide prompted by the US Federal
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