Republic of the Congo Interest Rate

The benchmark interest rate in Republic of the Congo was last recorded at 3.25 percent. Interest Rate in Republic of the Congo is reported by the Bank of Central African States. Interest Rate in Republic of the Congo averaged 3.95 Percent from 2009 until 2014, reaching an all time high of 4.25 Percent in July of 2009 and a record low of 3.25 Percent in October of 2013. Republic of Congo is a member of the Economic and Monetary Community of Central Africa (CEMAC). In CEMAC, interest rates decisions are taken by the Central Bank of Central African States’ Monetary Policy Committee. The Central Bank of Central African States’ official rate is the prime lending rate. This page provides - Republic of the Congo Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.25 3.25 4.25 3.25 3.25 | 2014/06 2009 - 2014 Percent Monthly

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Republic of the Congo Interest Rate
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Money Last Previous Highest Lowest Forecast Unit
Interest Rate 3.25 2014-03-26 3.25 4.25 3.25 3.25 2014-06-30 Percent [+]
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Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Republic of the Congo GDP Annual Growth Rate at 4.90 percent  
The Gross Domestic Product (GDP) in Republic of the Congo expanded 4.90 percent in 2012 from the previous year. GDP Annual Growth Rate in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Balance of Trade at 4092.35 CFA Franc Billion  
Republic of the Congo recorded a trade surplus of 4092.35 CFA Franc Billion in 2010. Balance of Trade in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Interest Rate at 3.25 Percent  
The benchmark interest rate in Republic of the Congo was last recorded at 3.25 percent. Interest Rate in Republic of the Congo is reported by the Bank of Central African States.
Republic Of The Congo Personal Income Tax Rate at 45.00 percent  
The Personal Income Tax Rate in Republic Of The Congo stands at 45 percent. Personal Income Tax Rate in Republic Of The Congo is reported by the Ministry of Commerce.
Republic Of The Congo Corporate Tax Rate at 34.00 percent  
The Corporate Tax Rate in Republic Of The Congo stands at 34 percent. Corporate Tax Rate in Republic Of The Congo is reported by the Ministry of Commerce.
Republic Of The Congo Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Republic Of The Congo stands at 18 percent. Sales Tax Rate in Republic Of The Congo is reported by the Ministry of Commerce.
Republic of the Congo Current Account at -1163.30 CFA Franc Billion  
Republic of the Congo recorded a Current Account deficit of 1163.30 CFA Franc Billion in 2010. Current Account in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Inflation Rate at 3.40 percent  
The inflation rate in Republic of the Congo was recorded at 3.20 percent in September of 2013. Inflation Rate in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Current Account to GDP at 0.30 percent  
Republic of the Congo recorded a Current Account surplus of 0.30 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Government Budget at 2.40 Percent of GDP  
Republic of the Congo recorded a Government Budget surplus equal to 2.40 percent of the countrys Gross Domestic Product in 2012. Government Budget in Republic of the Congo is reported by the CNSEE, Congo.
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