Democratic Republic of the Congo BCC taux directeur (policy rate)
Democratic Republic of the Congo BCC taux directeur (policy rate) is 12.5 percent, in force since 17 Jul 2026. It was 13.5 percent before that. Last checked against the official source on 25 Aug 2026.
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.
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| 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 | 2026-08-25 |
| 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 common expectation 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 SITE REBUILD (observed 2026-08-21, Next.js): the old /sites/default/files PDF paths 404. The 17 July 2026 CPM communique page is /actualites/communiques/communique-de-presse-de-la-reunion-du-comite-de-politique-monetaire-du-17-juillet-2026-11954 with the PDF on resources.bcc.cd; that PDF is an image scan with no text layer, so quoting body text needs OCR - the home-page rate widget plus the communiques listing are the practical checks. WebFetch is 403-blocked by bcc.cd; box curl with a Mozilla UA works. Next CPM expected ~October 2026 (2026 cadence: 08 Jan, 09 Apr, 17 Jul; the 09 Jul session was postponed to 17 Jul).
Earlier values
| From | Value | Source |
|---|---|---|
| 2026-04-09 | 13.5 | BCC — Communiqué du Comité de Politique Monétaire, session… |
| 2026-01-08 | 15 | BCC — Communiqué de presse de la réunion du CPM du 08… |
| 2025-10-07 | 17.5 | BCC — Communiqué de la réunion ordinaire du CPM du 07… |
| 2023-08-08 | 25 | BCC — Communiqué de presse de la réunion EXTRAORDINAIRE du… |
Get it programmatically
curl https://afriref.dev/v1/cd/policy-rate
# $0.005 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: TVA taux normal (standard VAT rate) · VAT registration threshold · SMIG · Public holidays · Inflation en glissement annuel (year-on-year CPI inflation) · Impôt sur les sociétés (IS) · Withholding tax rates · Moratory interest (intérêts moratoires) · IRPP · Statutory social-insurance contributions
The same figure elsewhere: Egypt · Equatorial Guinea · Eswatini · Ethiopia · Gabon · all 34