Dominican Republic: base interest rate 2010-2018
In 2018, the Central Bank of the Dominican Republic set the monetary policy rate at 5.38 percent, a slight decrease compared to 5.44 percent registered a year earlier. Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates.