BCC urges entrepreneurs to use bank loans
Positive signals are now perceptible in the sky of the Central Bank of Congo (BCC). Boosted by the new wind blowing after the international financial crisis, the monetary authority of the DRC has decided to lower its key rate from 20% to 14%, reveals the Congolese News Agency. One way to encourage entrepreneurs to use bank loans.
The drop of 20% to 14% decided by the BCC reduces the rate to the level of June of last year. For, say, in two years, the key rate has increased three times, from 2% to 20%.The declining rate is a big indicator of a country’s economy. This boosts economic growth by giving investors confidence. As a consequence, commercial banks will, in turn, have to lower their key interest rate and encourage the use of bank loans for investments … read more …
