SANTO DOMINGO.- The Central Bank yesterday modified the interest rates paid for fixed term investment certificates, without anticipated redemption, placed through direct window, a measure aimed at braking inflationary pressures.

It also said that for investment certificates in effect with anticipated redemption and automatic renovation, placed through direct window, the rates which will prevail will be 4% at 30 days; 5% at 90 days; 6% at 180 days; 7% at 360 days; 8% at 18 months, and 9% at 24 months.

In addition, these certificates not renovated will be able to convert their titles to fixed investment certificates, without redemption on anticipated credit, to the new interest rates for this type of instrument.

The Central Bank yesterday increased, without anticipated redemption, one point to the interest rates, going from 8 to 9%, and for the one of 365 days it raised it 1.5 points, going from 10.5% to 12%.

It also raised the one of 18 months from 11% to 13%; the one of 24 months from 12% to 14%; the one of 30 months from 14% to 16%, and the one of 36 months from 16% to 18%.

Central banker Hector Valdez Albizy said the measure seeks to lower the monetary emission, which has increased in level and volatility.