MARKET ENVIRONMENT
Overview
President Leonel Fernandez and the Central Bank (CB) remain optimistic about the capacity of the country to weather the current international crisis. Both have highlighted in recent statements that the country’s macroeconomic situation remains strong, with 5.3% GDP growth reported for 2008. Moreover, they have noted that the flow of investment will continue into [...]
Market Call
Market Call
MARKET ENVIRONMENT
Overview
The Dominican economy has had some good news during the month of January, which has been tempered by the sobering reality of the global recession. The most important news was the second cut in the overnight rate and the rate at which the CB lends to other banks. More importantly, the banking system ended [...]