JP Morgan reaffirmed its strong conviction that the Dominican Republic peso should stabilize soon, following a statement from BCRD Governor. The Governor emphasized that there is no fundamental reason for peso weakness, citing ample international reserves of USD 14.9 bln (net) and BCRD’s preparedness to take measures to prevent excessive FX volatility that could threaten inflation targets and macroeconomic stability. The statement also highlighted that the 2025 fiscal budget accounts for a 5.5% depreciation, with last year’s depreciation being lower than the 2024 budget’s projection.