1-Inflation looks under control stabilizing just above 3% in May 2017
2-The index of construction prices looks stable:
3-Manifacturing activity is still running at a 6% y/y growth rate in May 2017
Looking at the main monetary aggregates' dynamic with both M1 and M2 frowth rate falling rapidly we do not expect price pressure in the coming months and we expect economic growth to continue thanks to a favourable loans creation dynamic.
Loans to the private sector still growing at an healthy pace
The Jan 27 5.95% USD bond of the Dominican Republic is well bid trading close to a 5% yield level signaling good market confidence and otimism in the Dominican Republic.