Dominican Republic signals possible end to hikes
Board orders 25bp rise but says policy rate has reached “appropriate level”
The Dominican Republic central bank’s board ordered a 25bp rate hike on October 31, but indicated this may be the last increase in its cycle.
The increase – the tenth since last November – brings the policy rate to 8.5%, 550bp above its pandemic rate.
In its statement, the board said the policy rate had reached the “appropriate level” for inflation to reach its target level by June 2023.
The central bank’s inflation target is 4%, plus or minus one percentage point. The board estimated the
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