Loan rates rise in the Dominican Republic through July

Average interest rates for bank loans in the Dominican Republic have experienced a gradual increase throughout the year, reaching the month of July. This upward trend in borrowing costs occurs amidst ongoing inflationary pressures within the country.

The inflation has prompted measures aimed at restricting the money supply circulating in the national economy. Additionally, the situation is influenced by monetary policy actions whose intended effects have been delayed in reaching financial institutions.