In August this year, the Central Bank of the Democratic Republic of Congo more than doubled its key interest rate from 7.5 per cent to 18.5 per cent to cushion the depreciation of the local currency and keep the inflation in check. Michel Losembe, CEO of Tshinu Consulting joins CNBC Africa for more.
Tshinu Consulting CEO on the effectiveness of Congo’s central bank rate hike
PUBLISHED: Tue, 01 Dec 2020 10:03:00 GMT