Central Bank meets with traders

The Governor of the Central Bank, Héctor Valdez Albizu, received a Commission from the Dominican Association of dealers, with whom he exchanged views on the behaviour of the economy during 2011 and explored prospects for the next year.

Valdez Albizu traders explained the development shown by the economy on the basis of the results obtained until September of this year, indicating that the growth of the gross domestic product (GDP) could be considered satisfactory for the most dynamic economic sectors, taking into account the international economic crisis environment.

The Governor talked to traders on the measures taken recently by the Central Bank relating to the release of resources from the reserve requirement to provide money to the productive sectors-competitive interest rates, housing and trade, as well as other measures to strengthen the corridor of the u000arates for Overnight (deposits) and policy loans (Lombard).

Valdez Albizu assured that these measures contribute to that interest rates are more attractive for the promotion of investment. Other issues discussed at the meeting were those relating to the financial and fiscal sectors, inflation and the external sector.

On their side, the traders described this meeting as very important to consider that the information provided by the Governor and the technicians of the Central Bank on the economic performance and its prospects areas allow better plan their investments and to define its business and operating plans.

In addition to the Governor, at the meeting attended by the Central Bank, the Vice-Governor, Torres Rocha Clarissa; Manager, Pedro Silverio: Ervin Novas Bello, Frank Montaño and Joel Tejeda sub-managers; the Economic Adviser to the Interior, Olga Diaz, and managers u000adepartmental Ramón Rosario, financial, Julio Andújar, monetary programming, and Frank sources, international

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