Democratic Republic of Congo's central bank keeps policy rate at 25% amid 5% growth outlook, despite 23.8% inflation in December 2023.
Democratic Republic of Congo's central bank (BCC) maintains its policy rate at 25% amid positive economic growth outlook for 2024 (near 5%), following strong 8.4% growth in 2023 driven by mining and non-extractive sectors. However, inflation exceeded expectations, reaching 23.8% in December 2023 due to imported inflation and conflict-related budgetary tensions, leading to Congolese franc depreciation.
June 01, 2024
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