Key data points
Last release
—
Observation period
Aug 31, 2025
Next release
—
Forecast
—
Highest
50.00 % on Apr 30, 2004
Lowest
1.00 % on Jan 8, 2004
About Dominican Republic Interest Rate
In the Dominican Republic, interest rate decisions are taken by the Central Bank of Dominican Republic. The official interest rate is the Overnight Interest Rate.
Related indicators
Frequently Asked Questions
Dominican Republic Interest Rate is 5.75% at the moment.
Last month Dominican Republic Interest Rate was 5.75%, and the month before it reached 5.75%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.