In DR Congo, inflation slows to 0.13% as franc appreciates
By the AFREEQUE newsroom, based on Lepotentiel
Weekly inflation in the DRC slowed to 0.13% in the third week of October, from 0.15% the previous week, while the Congolese franc appreciated against the dollar. On 16 October, the dollar was worth 2,262.32 francs on the interbank market and 2,332.50 on the parallel market, according to data presented by the Central Bank of the Congo and reported to the Council of Ministers.
Weekly inflation in the Democratic Republic of the Congo slowed to 0.13% during the third week of October, from 0.15% the previous week. Patrick Muyaya, deputy governor of the Central Bank of the Congo, presented the figures during a briefing on price and foreign exchange market trends, reports Le Potentiel.
As at 16 October, the dollar was trading at 2,262.32 Congolese francs on the interbank market and 2,332.50 francs on the parallel market. Over one week, the Congolese franc appreciated by 0.12% in the first segment and 0.19% in the second.
The Central Bank of the Congo recommends active liquidity management, notably through the use of Treasury deposits, as well as developing public securities and lending in the national currency. Its governor also recommends increasing investment in agriculture, transport and industry, and diversifying energy sources to reduce the economy’s exposure to external shocks, according to Le Potentiel.
These measures extend the maintenance of the Central Bank’s policy rate at 12.5%, decided on 8 October by the Congolese monetary institution.
