Democratic Republic of the Congo policy interest rate
Taux directeur de la Banque Centrale du Congo — the BCC's headline refinancing rate, set by the Comité de Politique Monétaire (CPM) chaired by the Governor. The CPM holds four ordinary sessions a year on a calendar the BCC publishes in advance (Calendrier des réunions du CPM), and can meet in extraordinary session; decisions are announced in a numbered Communiqué du Comité de Politique Monétaire signed by the Governor.
| Current value | 12.5 percent |
|---|---|
| In force from | 2026-07-17 |
| Official source | Banque Centrale du Congo — Communiqué du Comité de Politique Monétaire n° 03/2026, session ordinaire du 17 juillet 2026, signé André Wameso Nkualoloki, Président : « abaisser le taux directeur de 100 points de base, passant de 13,5 % à 12,5 % et le taux sur la facilité de prêt marginal qui passe de 17,5 % à 16,5 % » |
| Last verified | 2026-07-24 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Third cut of 2026 and the fifth step of the easing cycle that began in October 2025 (25.0 -> 17.5 -> 15.0 -> 13.5 -> 12.5). The brief that launched this file was right on direction: the DRC has been CUTTING, not raising, since Oct 2025, after 26 months parked at 25%. Same communiqué: facilité de prêt marginal 17.5% -> 16.5%; a new 252-day Bon BCC maturity introduced; coefficients de la réserve obligatoire held unchanged at 10.5% (demand) and 0.0% (term) for CDF deposits and 11.5% / 10.5% for FX deposits; deposit remuneration rates held. Macro backing cited: 2026 growth projected at 5.7% (same as 2025) against a 4.3% sub-Saharan average; Q2-2026 YoY inflation 2.9% (Q1 2.2%); cumulative inflation 4.8% at end-June against 2.3% at end-March, pushed up by pump fuel prices, logistics costs on imports and operator expectations; CDF 2,244.0/USD interbank and 2,328.62/USD parallel at end-June (+1.95% interbank appreciation, -0.83% parallel depreciation vs end-March); reserves USD 8,184.61m at end-June = 3.12 months of import cover; the CPM says the cut still leaves a comfortably positive real rate and expects the CDF to settle near 2,250.0/USD. Risks flagged: bank liquidity expansion from conflict-driven public spending in the East, back-to-school household spending, and imported-goods cost rises from global supply-chain disruption. NEXT MEETING: 8 October 2026. TRAP — DO NOT READ THE BCC HOMEPAGE WIDGET: on 24 July 2026, a week after this decision, the www.bcc.cd front page still displayed 'Taux directeur en vigueur depuis le 9/04/2026 ... 13,50%' with a marginal lending rate of 17.50%. The widget lags the communiqué by weeks; the signed communiqué PDF is the authority. ACCESS: www.bcc.cd intermittently refuses TLS connections from outside the DRC (ECONNREFUSED / ECONNRESET on 102.36.144.21) and succeeded only on retry; the bare host bcc.cd presents a certificate valid only for www.bcc.cd, so always use the www form. Communiqué PDFs are image-only scans (no text layer) and must be read as images. Index of communiqués: https://www.bcc.cd/media/communiques
Earlier values
| From | Value | Source |
|---|---|---|
| 2023-08-08 | 25 | BCC — Communiqué de presse de la réunion EXTRAORDINAIRE du C |
| 2025-10-07 | 17.5 | BCC — Communiqué de la réunion ordinaire du CPM du 07 octobr |
| 2026-01-08 | 15 | BCC — Communiqué de presse de la réunion du CPM du 08 janvie |
| 2026-04-09 | 13.5 | BCC — Communiqué du Comité de Politique Monétaire, session o |
Get it programmatically
curl https://afriref.dev/v1/cd/policy-rate
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://afriref.dev/v1/cd/policy-rate/history?from=2020-01-01
# Provenance: curl https://afriref.dev/provenance/cd/policy-rateOther Democratic Republic of the Congo series: VAT rate · minimum wage · public holidays · inflation rate (CPI) · corporate tax rate · income tax rates