LatinNews Daily - 4 November 2024

*The Dominican Republic’s central bank (BCRD) has lowered its benchmark interest rate by 25 basis points, to 6.25% from 6.50%. This is the second time that the bank has reduced interest rates since the end of August, when it lowered them from 7.00% to 6.75%, in what was the first cut in interest rates since the end of November 2023. According to a BCRD statement, the latest decision owes to the “recent evolution of the global scenario” and “a reduction in interest rates by more developed economies and lower prices of primary materials”. It also highlights that during this year, inflation in the Dominican Republic has remained within the target range of 4.0% +/- 1, noting that year-on-year inflation in September was 3.29%.