At the end of the regular meeting of the Monetary Policy Committee on Monday, June 19, the key rate of the Central Bank of Congo rose from 9 to 11%, an increase of 2%.

The Monetary Policy Committee (CPM) decided to tighten monetary policy further by raising the key rate of the Central Bank of Congo (BCC) from 9 to 11%, and by increasing the reserve requirement on deposits in Congolese francs from 0 to 10%. This decision is justified by the persistence of uncertainties in the world economy, especially with regard to growth and inflation, and by internal and external shocks that require increased vigilance in the conduct of monetary and exchange rate policy, and strengthened coordination with fiscal policy, all noted on the basis of analyses of recent economic developments, as well as the prospects for the second half of the year 2023.