Stability in spite of oil prices

[NewsWhore]

Dominican Republic Central Bank governor Hector Valdez Albizu has reiterated his belief that rising oil prices have not affected the Dominican economy's macro-economic stability. Valdez Albizu told reporters from Hoy newspaper that inflation figures for September were within the limits established by the current stand-by arrangement with the International Monetary Fund. Valdez Albizu spoke to reporters after attending a meeting with IMF officials at the Presidential Palace. Also at the meeting were the Economy, Planning and Development Minister Temistocles Montas and Banking Superintendent Rafael Camilo. The Central Bank head declined to say whether the Dominican Republic would be signing a new agreement with the IMF.

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