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New Monetary Program of 2009 by the Central Bank

 

The new monetary program of 2009 issued by the Central Bank of the Dominican Republic foresees this year as a year with great challenges for the Dominican economy, given the declining levels of economic growth of the major economies in the world, but at the same time, as a year of opportunities, given the fall in international prices of petroleum and other commodities, which will influence in lower domestic inflationary pressures.

 This situation, combined with the fiscal adjustment foreseen in the 2009 public budget and a more moderate domestic demand growth, would grant degrees of freedom to allow a change in the monetary policy position.

 Link: http://www.bancentral.gov.do/politica_monetaria/resumen_ejecutivo_programa_monetario2009.pdf