The Dominican Republic’s central bank lowered its key interest rate by 25 bps to 6.25%, citing favorable global conditions, such as easing commodity prices and stable domestic inflation at 3.29% YoY, within the target range. Core inflation held close to the target at 4.01%. The economy is expected to grow around 5% in 2024, with robust labor market indicators and sustained FX from tourism, remittances, and exports.