CB suspends certificates

[NewsWhore]

The Central Bank has announced that it is temporarily suspending the placement of investment certificates for the general public and non financial businesses. The CB also announced a reduction in the interest rates for re-financing of current investments. The Overnight interest was reduced to 4.0% and the Lombarda interest rate was also reduced by 1%. The Bank seeks to increase its liquidity level, potentially putting an added RD$10 billion in circulation during the last four months of the year.

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