NewsWhore
04-11-2012, 03:20 PM
The Dominican economy continues to be fundamentally sound, despite a March inflation rate of 0.94%, says Hector Valdez Albizu, governor of the Central Bank.
He forecast that year's end inflation would be 0.94%, and attributed this in part to an abundance of farm products and the stagnant oil prices. He said inflation for 2012 is on target with 5% expected by year's end, which he described as "extraordinary".
Valdez was being interviewed after attending a talk on the experience of communication management by the Central Bank of Chile, during a workshop at the Central Bank. The Central Bank invited Chile's Central Bank communications consulting manager, Luis Alvarez Vallejo, to speak on the occasion of the seventh anniversary of Cronica Central, the bulletin of the Central Bank of the Dominican Republic.
Valdez Albizu told journalists that GDP is forecast to grow by 5% this year. He says he expects the present first quarter trend to continue and confirmed that the economy is growing according to projections.
He said that the International Reserves had increased by US$26 million to between US$3.7 and US$3.8 billion.
He mentioned that the clearing of checks, which now takes two days, could be reduced to one day within two months. He said that the Payment System project had reduced the time for clearing checks from eight to two days and has been a total success and a benefit to society, as reported in Listin Diario.
More... (http://www.dr1.com/index.html#1)
He forecast that year's end inflation would be 0.94%, and attributed this in part to an abundance of farm products and the stagnant oil prices. He said inflation for 2012 is on target with 5% expected by year's end, which he described as "extraordinary".
Valdez was being interviewed after attending a talk on the experience of communication management by the Central Bank of Chile, during a workshop at the Central Bank. The Central Bank invited Chile's Central Bank communications consulting manager, Luis Alvarez Vallejo, to speak on the occasion of the seventh anniversary of Cronica Central, the bulletin of the Central Bank of the Dominican Republic.
Valdez Albizu told journalists that GDP is forecast to grow by 5% this year. He says he expects the present first quarter trend to continue and confirmed that the economy is growing according to projections.
He said that the International Reserves had increased by US$26 million to between US$3.7 and US$3.8 billion.
He mentioned that the clearing of checks, which now takes two days, could be reduced to one day within two months. He said that the Payment System project had reduced the time for clearing checks from eight to two days and has been a total success and a benefit to society, as reported in Listin Diario.
More... (http://www.dr1.com/index.html#1)