The Dominican Confederation of Micro, Small and Medium Construction Companies (Copymecom) supported the decision of the Central Bank to reduce its monetary policy interest rate (MPR) by 25 basis points, decreasing it from 6.00 to 5.75% annually, continuing its trend reductionist movement that began in September of this year.
Eliseo Cristopher, president of the business union, reiterated as highly positive the measures announced by the Central Bank and the Monetary Board, which recently approved the release of legal reserve resources for 35,355 million pesos to channel loans for the acquisition of homes, construction and interim, which, added to the recent drop in the interest rate announced in the last few hours, will allow us to speed up the development of projects in folders, ready to start and continue developing the initiated.
“We understand that these actions are favorable,” he said.
