Interest Rate in Dominican Republic

Dominican Republic Interest Rate | Economic News & Forecasts

Dominican Republic - Interest Rate

Economic activity growth surged to a near two-year high at the start of Q2 on an upturn in construction, particularly thanks to residential, tourism and energy projects. This came after strong growth in Q1 due to the impact of greater monetary stimulus. Moreover, tourist arrivals rose at a solid pace in the first four months of 2018, while in the year to May private sector credit growth boomed and international reserves ticked up on robust FDI and remittances. Thanks to the strong economic performance, fiscal receipts are above budgeted estimates so far this year, boosting the administration’s chances of meeting its 2.2% fiscal deficit target. On 1 May, the government announced it had established diplomatic relations with China, which will likely drive up inward investment in the medium term.

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

ValueChangeDate
Exchange Rate49.610.80 %Jun 19
Exchange Rate49.610.80 %Jun 19

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