Santo Domingo.- The Central Bank announced a 1 percentage point reduction of the interest rates in investment certificates placed to the public via direct window, a measure to be applied as of today, July 1, “with the interest of continuing to invigorate the national economy through bank credit, consumption and investment.”

It said the new interest rates in effect for fixed income certificates which cannot be cashed in before maturity are as follows: 180 days at 6%; 365 days at 7%; 18 months at 8%; 24 months at 9%; 30 months at 10%, and 36 months, at 12% annually.

Moreover the rates for investment certificates which can be cashed in and with automatic renewal are 4%, 5%, 6%, 7%, 8% and 10%, depending on the term.