Africa: Rate rises for DRC and Namibia, but Zimbabwe says no

DRC and Namibia react to high inflation as expert says Zimbabwe is suffering hyperinflation

Kinshasa, DRC
Kinshasa, Democratic Republic of the Congo

Democratic Republic of Congo: The Central Bank of Congo raised its policy rate by 200 basis points to 11% on June 19, its highest level since 2021.

The central bank also raised the reserve requirement on domestic currency deposits to 10%, from 0%. The decision is the third increase in the headline rate in seven months, following 75bp increases in November and March.

In its policy statement, the monetary policy committee said inflation was 9.2% from the start of the year to June 16. It projects

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