The central bank of the Democratic Republic of Congo cut its main interest rate for the third time since the start of the year, to 8.5% from 10.5% on June 17th 2021, saying it expected a period of macroeconomic stability. The country's economic outlook also improved after the International Monetary Fund announced last month it intended to extend $1.5 billion in credit over the next three years to help the country recover from the coronavirus pandemic. Meanwhile, inflation is expected to fall to 4.87% by the end of December, down from 8.69% in May. source: Banque Centrale du Congo
Interest Rate in Congo averaged 17.34 percent from 2008 until 2021, reaching an all time high of 70 percent in January of 2010 and a record low of 2 percent in November of 2013. This page provides - Congo Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Congo Interest Rate - values, historical data and charts - was last updated on July of 2021.
Interest Rate in Congo is expected to be 10.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Congo to stand at 9.50 in 12 months time. In the long-term, the Congo Interest Rate is projected to trend around 9.50 percent in 2022 and 8.50 percent in 2023, according to our econometric models.