Dominican Republic Interest Rate

The benchmark interest rate in Dominican Republic was last recorded at 6.25 percent. Interest Rate in Dominican Republic is reported by the Central Bank of Dominican Republic. Interest Rate in Dominican Republic averaged 8.30 Percent from 2004 until 2014, reaching an all time high of 50 Percent in February of 2004 and a record low of 1 Percent in January of 2004. In the Dominican Republic, interest rate decisions are taken by the Central Bank of Dominican Republic. The official interest rate is the Overnight Interest Rate. This page provides - Dominican Republic Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.25 6.25 50.00 1.00 6.25 | 2014/04 2004 - 2014 Percent Monthly

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Dominican Republic Interest Rate
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Money Last Previous Highest Lowest Forecast Unit
Interest Rate 6.25 2014-03-31 6.25 50.00 1.00 6.25 2014-04-30 Percent [+]
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Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Dominican Republic Inflation Rate at 2.99 Percent  
The inflation rate in Dominican Republic was recorded at 2.99 percent in March of 2014. Inflation Rate in Dominican Republic is reported by the Central Bank of Dominican Republic.
Dominican Republic Consumer Price Index (CPI) at 116.98 Index Points  
Consumer Price Index (CPI) in Dominican Republic increased to 116.98 Index Points in February of 2014 from 116.58 Index Points in January of 2014. Consumer Price Index (CPI) in Dominican Republic is reported by the Central Bank of Dominican Republic.
Dominican Republic Interest Rate at 6.25 Percent  
The benchmark interest rate in Dominican Republic was last recorded at 6.25 percent. Interest Rate in Dominican Republic is reported by the Central Bank of Dominican Republic.
Dominican Republic Personal Income Tax Rate at 25.00 percent  
The Personal Income Tax Rate in Dominican Republic stands at 25 percent. Personal Income Tax Rate in Dominican Republic is reported by the Direccion General de Impuestos Internos.
Dominican Republic Corporate Tax Rate at 28.00 percent  
The Corporate Tax Rate in Dominican Republic stands at 28 percent. Corporate Tax Rate in Dominican Republic is reported by the Direccion General de Impuestos Internos.
Dominican Republic Sales Tax Rate at 18.00 Percent  
The Sales Tax Rate in Dominican Republic stands at 18 percent. Sales Tax Rate in Dominican Republic is reported by the Direccion General de Impuestos Internos.
Dominican Republic Balance of Trade at -630.50 USD Million  
Dominican Republic recorded a trade deficit of 630.50 USD Million in June of 2013. Balance of Trade in Dominican Republic is reported by the Central American Monetary Council.
Dominican Republic Unemployment Rate at 15.00 Percent  
Unemployment Rate in Dominican Republic remained unchanged at 15 percent in September of 2013 from 15 percent in March of 2013. Unemployment Rate in Dominican Republic is reported by the Central Bank of Dominican Republic.
Dominican Republic Gdp Growth Rate at 0.76 Percent  
The Gross Domestic Product (GDP) in Dominican Republic expanded 0.76 percent in the third quarter of 2013 over the previous quarter. Gdp Growth Rate in Dominican Republic is reported by the Central Bank of Dominican Republic.
Dominican Republic Current Account at -958.70 USD Million  
Dominican Republic recorded a Current Account deficit of 958.70 USD Million in the third quarter of 2013. Current Account in Dominican Republic is reported by the Central Bank of Dominican Republic.
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LATEST NEWS

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At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
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