The Central Bank of Congo recently shared its economic report concerning the national and global economy, dated February 9, 2024. This report reveals an economic situation characterized by regular fluctuations in rates, generating uncertainties regarding consumption and financial decisions. ‘investment.
At the national level, growth is estimated at 4.8% since the start of the year, marking a slowdown of 1.4 points compared to the previous year’s estimate. Extractive industries and the primary sector are the main drivers of this growth.
Regarding inflation, there is a slight increase, with weekly inflation of 0.39% during the second week of February. However, year-to-date inflation is down from the previous year, standing at 1.97%.
On the foreign exchange market, the national currency shows an appreciation of 0.9%, while the Congolese franc suffers a slight depreciation. The Central Bank forecasts public revenue of around 1,300.9 billion Congolese francs for the month of February, with expenditure amounting to 1,301.8 billion.
From a monetary point of view, the policy in force remains unchanged, with the key rate and compulsory reserve coefficients maintained for several months.
This economic update provides an informative overview of current trends and challenges for the Congolese economy. It is crucial to closely monitor this data to anticipate future developments and make the most economically sound decisions.
If you want to deepen your knowledge on this subject, you can consult the following articles:
– “Title of article 1” [link to article 1]
– “Title of article 2” [link to article 2]
Stay informed and stay tuned for more economic and financial news!
David Mukendi