The central bank of the Dominican Republic on May 31 maintained its benchmark policy rate at at 5.25% per annum, forecasting inflation to remain within the bank's target range and citing favorable external and internal economic growth.
Banco Central de la República Dominicana said monthly inflation in April reached 0.40% and accumulated inflation for the first four months of the year was 0.95%.
The country's year-on-year core inflation was at 2.73% while year-on-year inflation stood at 4.05%, within the regulator's target range of 4.0%, plus or minus 1.0%.
Initial data from the central bank's monthly economic activity indicator showed growth of 7.5% year over year in April and 6.7% in the first four months of 2018, driven by the favorable effects of the monetary stimulus launched in 2017 and a reduction in rates.
Meanwhile, credit to the private sector in Dominican pesos grew around 13.0% year on year, the regulator said.
