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Rd Congo: Central financial institution retains charges unchanged

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by: Gianfranco Belgrano | 5 June 2024

The Central Bank of the Democratic Republic of Congo determined to maintain the reference price at 25% throughout the newest assembly of the Monetary Policy Committee.

The determination – as emerges from a notice circulated over the weekend – was taken in a context through which the nation’s financial prospects for 2024 stay optimistic, with a development projection shut to five%, which underlines “the sturdy development of the Congolese financial system in 2023 (8.4%), supported by the continued dynamism of the mining sector and the vigorous actions of the non-mining sector”.

In this context, nevertheless, inflation was increased than anticipated, reaching 23.8% on an annual foundation in December 2023, because of each exterior elements (imports) and tensions linked to the continuation of conflicts within the jap a part of the nation, which led to the depreciation of the official foreign money, the Congolese franc.

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