Central Bank postpones activities due to Melissa; Payment System will continue operating normally

Due to weather conditions and government recommendations regarding the passage of Tropical Storm Melissa, the Central Bank rescheduled the solemn mass and the report on macroeconomic variables, the performance of the Dominican Economy, and the outlook for the end of the year 2025 for next Friday, October 24th.

Notwithstanding the suspension of these activities by the Central Bank, the Payment System operated by the institution will continue to function normally so that all users of the financial system can continue to make purchases and transactions.

The year-end closing information will be presented by the Governor of the Central Bank and Chairman of the Monetary Board, Héctor Valdez Albizu, on the occasion of the 78th anniversary of the creation and commencement of operations of the institution.

The economic growth expectations of the Gross Domestic Product (GDP) for the end of 2025 decreased to 2.75% in this month of October, according to the Macroeconomic Expectations survey published monthly by the Central Bank.

This figure reduces by 25 basis points the projected growth of 3.0% that was maintained during the last two months (August and September). From July to August the projection dropped from 3.6% to 3.0%.

The real GDP growth expectations for 2025 have been decreasing almost consecutively month after month since January, when a growth of 5.0% was projected.

However, as of October, 70.6% of the experts lowered the projection, attributing it to the recent decline in domestic demand and investment.