{"id":27960,"date":"2012-03-05T13:37:00","date_gmt":"2012-03-05T18:37:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/03\/05\/central-bank-of-dominican-republic-holds-rate-at-6-75\/"},"modified":"2012-03-05T13:37:00","modified_gmt":"2012-03-05T18:37:00","slug":"central-bank-of-dominican-republic-holds-rate-at-6-75","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/03\/05\/central-bank-of-dominican-republic-holds-rate-at-6-75\/","title":{"rendered":"Central Bank of Dominican Republic Holds Rate at 6.75%"},"content":{"rendered":"<div align=\"right\"><script type=\"text\/javascript\">\ntweetmeme_style = 'compact';\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\"><\/script><\/div>\n<p><span>The Central Bank of the&nbsp;<\/span><a href=\"http:\/\/www.bancentral.gov.do\/english\/index-e.asp\">Dominican Republic<\/a><span>&nbsp;kept its Monetary Policy (Overnight) Rate unchanged at 6.75%, and held the Lombard Rate at 9.00%. The Bank said: &#8220;<\/span><span><span><span>Domestically, economic activity and internal &nbsp;demand are moving as predicted by the latest Monetary Policy Report. Credit to the private sector is expanding at a rate similar to that corresponding to year-end 2011, while inflation expectations remain close to the 2012 target.&#8221;<\/span><\/span><\/span><br \/><span><\/span><br \/><a name='more'><\/a>The Bank <a href=\"http:\/\/www.centralbanknews.info\/2012\/02\/central-bank-of-dominican-republic.html\">also held rates unchanged<\/a><span> at its previous meeting, and last raised the rate by 50 basis points in April, 25 basis points in March, and <\/span><a href=\"http:\/\/www.centralbanknews.info\/2011\/03\/dominican-republic-central-bank-raises.html\">100 basis points<\/a><span> in February last year; the bank also reduced its Lombard Rate by 50bps to 9% in November last year.&nbsp;<\/span><\/p>\n<div><span><br \/><\/span><\/div>\n<div><span>The Bank said annual inflation was 6.9% in January, down from 7.8% in December, compared to 6.17% in January 2011, this compares to the inflation target of 5.5% +\/- 1% for CPI during 2012 (adopted under the inflation targeting framework).<\/span><\/div>\n<div><span><br \/><\/span><\/div>\n<div>The Dominican Republic&#8217;s currency, the Dominican peso (DOP), weakened by about 3% against the US dollar over the past year, while the USDDOP exchange rate last traded around 39.<\/div>\n<div><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-8226980265292332310?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of the&nbsp;Dominican Republic&nbsp;kept its Monetary Policy (Overnight) Rate unchanged at 6.75%, and held the Lombard Rate at 9.00%. The Bank said: &#8220;Domestically, economic activity and internal &nbsp;demand are moving as predicted by the latest Monetary Policy Report. Credit to the private sector is expanding at a rate similar to that corresponding to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/03\/05\/central-bank-of-dominican-republic-holds-rate-at-6-75\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Central Bank of Dominican Republic Holds Rate at 6.75%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-27960","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=27960"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27960\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=27960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=27960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=27960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}