Dominican Republic Holds Rate, Inflation In Target ’13, ’14
The Central Bank of the Dominican Republic (BCRD) held its key interest unchanged at 5.0 percent as inflation is forecast to remain within the central bank’s target range this year and in 2014. BCRD, which cut it benchmark Monetary Policy Reference (MPR) rate by 175 basis points in 2012, said its [...]
The Central Bank of the Dominican Republic (BCRD) held its key interest unchanged at 5.0 percent as inflation is forecast to remain within the central bank’s target range this year and in 2014.
BCRD, which cut it benchmark Monetary Policy Reference (MPR) rate by 175 basis points in 2012, said its inflation target for 2013 is 5.0 percent, plus/minus one percentage point, and 4.5 percent for 2014, also with a one percentage point band.