DR Congo

DR Congo central bank raised its benchmark interest rate by 175 bps to 9.0% to maintain price stability. According to the bank’s governor, the economy remains robust and is poised to benefit from extractive industries, with economic growth forecast at 8% in 2023 compared to 8.5% last year. Despite the adverse effects of imported inflation, price growth is forecast to average around 9.7% this year after accelerating to 13.1% in 2022.