Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Central Bank of Congo maintains key rate amid inflation decline
    La-Banque-Centrale-du-Congo-8-8
    La-Banque-Centrale-du-Congo-8-8
    Company Stories

    Central Bank of Congo maintains key rate amid inflation decline

    By j.zhang@btw.mediaAugust 8, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • The Central Bank of the Congo (BCC) has decided to keep its key rate unchanged at 25% and maintain reserve requirements, despite a decline in inflation.
    • The BCC’s decision follows strong economic growth in 2023 and a positive outlook for 2024, with projected growth around 5% and improved fiscal conditions.

    On May 31, 2024, the Central Bank of the Congo (BCC) held its latest monetary policy committee (MPC) meeting under the leadership of Governor Malangu Kabedi Mbuyi. The meeting concluded with a decision to maintain the current key rate and reserve requirements, reflecting a cautious yet optimistic approach to recent economic developments.

    Monetary policy update

    During the MPC meeting on May 31, 2024, the Central Bank of the Congo decided to keep the key interest rate unchanged at 25%. The reserve requirements for Congolese franc deposits remain at 10% for sight deposits and 0% for term deposits, while foreign currency deposits will continue to have reserve ratios of 13% and 12% for sight and time deposits, respectively. The decision comes amid a notable decline in inflation, which fell to 5.9% in May 2024 from 7.6% a year earlier. Despite these improvements, the MPC stressed the necessity of maintaining a restrictive monetary policy stance due to ongoing economic pressures and uncertainties.

    “Despite the encouraging trend in inflation and positive economic growth, we believe that maintaining our current monetary policy stance is essential to ensure continued stability and to manage the risks that persist in our economic environment.”

    Governor Malangu Kabedi Mbuyi

    About the Central Bank of the Congo

    The Central Bank of the Congo (BCC) plays a crucial role in managing the country’s monetary policy and financial stability. As the primary institution responsible for regulating the money supply, setting interest rates, and overseeing financial institutions, the BCC aims to foster economic stability and growth. Under the leadership of Governor Malangu Kabedi Mbuyi, the BCC has focused on stabilising inflation and addressing fiscal and external economic pressures. The bank’s proactive measures and policies are designed to support economic development while ensuring price and exchange rate stability.

    BCC Central Bank of Congo MPC
    j.zhang@btw.media

    Jasmine Zhang is an intern reporter at Blue Tech Wave specialising in AI and Fintech. She graduated from Kunming University of Science and Technology. Send tips to j.zhang@btw.media.

    Related Posts

    Rawafed Libya: Advancing Libya’s Digital Infrastructure

    July 22, 2025

    Forcepoint: Global cybersecurity with local reach

    July 22, 2025

    Trans-Sahara IT: Powering West Africa’s Digital Growth

    July 22, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.