Dominican Republic maintains its benchmark interest rate at 3%

The Central Bank said yesterday that the Dominican Republic's economy grew 13.3% in the first six months of 2021, compared to the same period in 2020.

RIO DE JANEIRO, BRAZIL - The Dominican Republic announced on Friday that it maintains its monetary policy rate at 3.00%, after an "exhaustive analysis" of the impact of covid-19 on economic activity and the future evolution of inflation in the country.

The Dominican Central Bank added that the rate of the permanent liquidity expansion facility (repos) remains at 3.50% and the rate for remunerated deposits (overnight) at 2.50%.

Read also: Check out our coverage on the Dominican Republic

The agency said, in a statement, that . . .

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