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LatinNews Daily - 31 January 2025

In brief: Dominican Republic holds interest rates

*The Dominican Republic’s central bank (BCRD) has opted to keep its benchmark interest rate (TPM) at 5.75%, having cut it by 25 basis points a month earlier, from 6.00%. In a press release, the BCRD stated that its decision, which was taken in its January 2025 monetary policy meeting, took into account the global environment, particularly high global uncertainty and interest rates abroad which remain higher than expected. It also cites the strong performance of the Dominican economy, which posted 5% GDP growth in 2024, with inflation remaining within its target range of 4.0% +/-1 percentage point, closing 2024 at 3.35% in year-on-year terms.

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