Interest Rate in DR Congo
DR Congo - Interest RatePresident Felix Tshisekedi finally appointed Sylvestre Ilunga Ilukamba as prime minister on 20 May after months of political wrangling with the camp of former-President Joseph Kabila, which has put their fragile coalition to the test. Meanwhile, expectations of falling price pressures gave the Central Bank some room to loosen its monetary policy stance for the first time since April last year, in a bid to further boost activity. Growth prospects could be undermined under new government rules that will soon be enforced, however, which restrict companies operating in the country to hiring only subcontractors that are domestically owned. This follows a hike in taxes and royalties for mining operators in March 2018. While aimed at protecting the national workforce, the latest reforms run the risk of denting mining activity.
DR Congo - Interest Rate Data
|Policy Interest Rate (%)||2.00||2.00||2.00||7.00||20.00|
5 years of economic forecasts for more than 30 economic indicators.
Source: Central Bank of Congo
DR Congo Facts
|Exchange Rate||1,650||-0.78 %||Jun 13|
|Stock Market||0.4||0.0 %||Jun 13|
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