Interest Rate in Dominican Republic

Dominican Republic Interest Rate | Economic News & Forecasts

Dominican Republic - Interest Rate

The economy continues to perform well heading into the third quarter. In July, tourist inflows were solid—particularly from the U.S.—while economic activity growth was elevated, thanks to the duty-free manufacturing, construction and commerce sectors. These drivers also underpinned the rapid expansion in the second quarter, which is likely to be the fastest in the region. The strong economic performance is filling the public coffers. Tax revenues were above budgeted estimates in H1 according to the Central Bank which, coupled with contained spending, led to a small fiscal surplus in the same period. On the downside, the external sector has softened so far this year, as markedly higher international oil prices have caused imports to rise and the trade deficit to widen.

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 Rate49.840.80 %Sep 20

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