The Dominican Republic’s central bank held its benchmark interest rate at 7.75%, acknowledging international uncertainties and a domestic inflation rate within the target range of 4.0% ± 1.0%. Annual inflation declined to 4.0% in June from 9.64% in April 2022, and core inflation fell to 5.33%. The bank expects inflation to stay within the target range throughout the rest of 2023 and 2024, and it remains committed to implementing necessary measures to maintain macroeconomic stability and keep inflation within the target range.