Interest Rate in Dominican Republic

Dominican Republic Interest Rate | Economic News & Forecasts

Dominican Republic - Interest Rate

The economy performed well in the third quarter, with data revealing broad-based growth which was particularly strong in the duty-free manufacturing and construction sectors. Moreover, job creation strengthened, while exports were up notably in annual terms in the January–September period. Looking ahead to the fourth quarter, growth has likely remained robust. The number of tourists and remittances continued to boom in annual terms in October, likely supported by a tighter U.S. labor market. Moreover, the recent fall in oil prices will likely lead to a lower import bill, benefiting the external sector. On the political front, in mid-November, the Dominican Republic and Russia agreed to abolish visa requirements for citizens to travel between the two nations, which could boost Russian tourist arrivals going forward.

Dominican Republic - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)6.25  6.25  5.00  5.50  5.25  

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Dominican Republic Interest Rate Chart

Dominican Republic Interest Rate
Note: Overnight interest rate in %.
Source: Dominican Republic Central Bank.

Dominican Republic Facts

Exchange Rate50.300.80 %Nov 29

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