Interest Rate in DR Congo

DR Congo Interest Rate | Economic News & Forecasts

DR Congo - Interest Rate

President 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

2013  2014  2015  2016  2017  
Policy Interest Rate (%)2.00  2.00  2.00  7.00  20.00  

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Note: Monetary Policy Rate in % (eop).
Source: Central Bank of Congo

DR Congo Facts

ValueChangeDate
Exchange Rate1,650-0.78 %Jun 13
Stock Market0.40.0 %Jun 13

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