SANTO DOMINGO- The Central Bank decided to keep its monetary policy rate (MPR) unchanged at 8.50% annually, thus halting the upward trend shown during the last months of 2022.
In a statement sent to the media, the monetary authority indicated that, likewise, the rate of the permanent liquidity expansion facility (1-day Repos) remains unchanged at 9.00% per annum and the rate of remunerated deposits (Overnight) at 8.00% per annum.
He explained that this decision is based on a thorough evaluation of the recent behavior of the economy, especially inflation.
“In that order, inflationary pressures have moderated, as the monetary policy transmission mechanism has operated effectively and the measures implemented by the Government through fuel and energy subsidies and support for agricultural production have taken effect,” the Central Bank noted.
He stated that a recent slowdown in commodity prices, particularly oil and food, has begun to be observed, as well as in the costs of container transport globally.
He added that the monthly variation of the consumer price index (CPI) was 0.28% in October, following a variation of 0.29% in September.
