Dollarisation and institutional weakness hamper Congolese monetary policy
Despite a "rapid" policy response to inflation shocks, the Central Bank of Congo (DRC) is ineffective in controlling inflation, according to an IMF working paper.
Making Monetary Policy More Effective: The Case of the Democratic Republic of the Congo, by Felix Fischer, Charlotte Lundgren and Samir Jahjah, looks at the challenges of conducting monetary policy in a context of high dollarisation and weak institutions.
The paper points to a number of factors contributing to the limited effectiveness
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