DRC central bank cuts benchmark rate by 100 basis points

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The Central Bank of Congo (BCC) cut its policy rate by 100 basis points to 7.5% on December 30, continuing a series of large cuts since late 2020.

In its final meeting of 2021, the monetary policy committee said that legal reserves “will be constituted in the currency of deposit”. The committee said that this would support the “de-dollarisation” of the Congolese economy and improve the management of inflation.

The International Monetary Fund estimated that, as of last August, Congolese francs

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