Bear Stearns sees low inflation in DR

[NewsWhore]

Bear Stearns analyst Franco Ucceli says that the low rate of inflation, just 5% as reported by the Dominican Central Bank, is an example of the DR's prevailing monetary stability. According to a report in Diario Libre, the " 0.7% inflation rate for December closed 2006 at 5% inflation, less than the 7.4% reported for 2005. This was the lowest inflation rate since 2001, when it was reported at 4.4%". Ucceli said that the Dominican Republic complied with the goal set by the International Monetary Fund (IMF) by closing the year with single-digit inflation.

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