Dominican Republic holds at 5.25% and opens new bank-capital rules

The central bank kept its policy rate steady and moved to modernize capital requirements for the banking system.

The Dominican Republic's central bank held its policy rate at 5.25% and, in the same week, opened a revision of the capital rules that govern its banks. The rate hold was expected. The capital review is the more consequential move, aligning the region's largest economy closer to international standards.