CDF: Gradual Depreciation Ahead
Country Risk / Congo, Dem. Rep. / Fri 27 Jul, 2018
Key View:
- We expect that the Congolese franc will remain in a broad, depreciatory trend in both the short and the long term as political strife, negative real interest rates and monetary tightening in developed markets create downside pressure on the currency.
- Depreciation will be much more gradual than in 2016 and 2017, however, as robust