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New data Interest Rate Decision

10/31/2024

actual 6.25, previous 6.5

The event is an "Interest Rate Decision" scheduled for October 31, 2024, at 20:00 GMT. The country in focus is the Dominican Republic (DO), and the currency affected is the Dominican Peso (DOP).

The actual interest rate announced was 6.25%, which represents a decrease of 0.25% from the previous rate of 6.5%. The market had estimated the rate to be 6.5%, so the actual rate was lower than expected, indicating a dovish stance by the central bank.

In terms of impact, this event is categorized as "Low," suggesting that the market reaction may be limited. The percentage change in the interest rate was -3.846%, reflecting a decrease in borrowing costs. This decision could influence borrowing, spending, and investment in the Dominican Republic.

This is not investment advice. Remember to verify the information provided here.

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