NewsWhore
03-03-2011, 04:10 PM
The Central Bank increased the overnight interest rate by 1 point, from 5% to 6%. The overnight rate is regarded as a good predictor for the movement of short-term interest rates. The Lombarda rate used by the Central Bank to commercial banks for expedite loans, was kept the same at 9.5%. The overnight rate is that used by large banks to borrow and lend from one another on the overnight market.
The Central Bank had announced a 1.25% increase in the Consumer Price Index in January, for an annualized inflation of 6.17%, above the 5-6% goal set with the International Monetary Fund. The Central Bank alerts to outside increases in raw material, food and fuel prices that will affect the local CPI. The Central Bank says there has been an increase in demand for imports, but this is somewhat buffered by an increase in exports, foreign investment and loans.
www.bancentral.gov.do/notas_pm.asp?a=bc2011-03-01 (http://www.bancentral.gov.do/notas_pm.asp?a=bc2011-03-01)
More... (http://www.dr1.com/index.html#4)
The Central Bank had announced a 1.25% increase in the Consumer Price Index in January, for an annualized inflation of 6.17%, above the 5-6% goal set with the International Monetary Fund. The Central Bank alerts to outside increases in raw material, food and fuel prices that will affect the local CPI. The Central Bank says there has been an increase in demand for imports, but this is somewhat buffered by an increase in exports, foreign investment and loans.
www.bancentral.gov.do/notas_pm.asp?a=bc2011-03-01 (http://www.bancentral.gov.do/notas_pm.asp?a=bc2011-03-01)
More... (http://www.dr1.com/index.html#4)