Interest rates in the Dominican financial system maintain a downward trend as a result of the liquidity measures approved by the Monetary Board and implemented by the Central Bank of the Republic Dominican Republic (BCRD) since June 2025.
According to the Department of Financial Regulation and Stability, the average lending rates of commercial banks went from 14.99% in May 2025 to 13.59% in January 2026, which represents a decrease of 140 basis points.
Impact on the interbank market
Short-term interbank rates (1 to 7 days) were the first to react, falling from 13.19% in May 2025 to 5.80% in January 2026, a reduction of 739 basis points. As a whole, interbank operations fell from 11.54% to 6.95%, consolidating a drop of 459 basis points.
Passive rates and loans
Passive ratess that multiple banks pay to depositors were reduced by 370 basis points, going from 9.63% to 5.93% in the period May 2025 – January 2026. In savings and loan associations, the decrease was 235 basis points, going from 8.73% to 6.39%.
Regarding loans, active rates also reflected the trend:
• Wholesale and retail trade: from 14.84% to 13.06%.
• Manufacturing: from 13.15% to 11.49%.
• Construction: from 14.77% to 12.72%.
• Agriculture: from 15.94% to 13.92%.
• Personal consumption: from 20.18% to 16.23%.
• Mortgages: from 12.14% to 11.93%.
Perspectives
The Central Bank highlighted that these measures have promoted lower-cost monetary conditions for raising resources and financing productive sectors and households. The downward trend would continue during 2026, in a context of inflation within the target range of 4% ± 1%, which would favor financial stability and economic dynamism.
