At the heart of the economic and financial challenges of Congo, the Central Bank of Congo (BCC) made a strategic decision on Tuesday, November 19, 2024 by maintaining its key rate at 25%. This measure, resulting from the meeting of the Monetary Policy Committee (CPM) chaired by Mrs. Malangu Kabedi Mbuyi, Governor of the Central Bank of Congo, reflects a restrictive orientation of monetary policy aimed at supporting the downward trend in inflation, strengthening the stability of the macroeconomic framework and supporting the purchasing power of the population.
Indeed, in a context marked by strong domestic demand at this end-of-year period, maintaining the key rate at 25% is part of a logic of prudence and stability. This major decision is accompanied by the renewal of the coefficients of the mandatory reserve on deposits, both in national and foreign currency, at specific levels.
The Monetary Policy Committee (CPM) stressed the importance of coordination between monetary policy and fiscal policy, making it decisive in achieving the good economic results of the past year. This integrated approach ensures consistency in the actions taken by the monetary and fiscal authorities to support the economy and promote sustainable growth.
The official communication of the BCC highlights the constant concern of the Congolese monetary authorities to maintain financial stability, promote economic growth and protect the purchasing power of citizens. This orientation towards a restrictive and coherent monetary policy underlines the commitment of the Central Bank of Congo to ensure a solid financial environment conducive to the country’s economic development.
In conclusion, the decision taken by the BCC to maintain its key rate at 25% is part of a global strategy aimed at supporting the Congolese economy and ensuring financial stability. This thoughtful approach demonstrates the vigilance and responsibility of the country’s monetary authorities in the face of current economic challenges.