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Key rate: the BCEAO rises by 25 basis points

08/09/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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L e taux d' inflation au sein de l' UEMOA fell by almost 2 percentage points between the first and second quarters of 2023. However, the Central Bank of West African States (BCEAO) wishes to be cautious in the face of

rising regional uncertainties.

At the end of the ordinary meeting of its Monetary Policy Committee (CPM), held on Wednesday 6 September, the BCEAO decided to raise its main policy rate by 25 basis points, from 3% to 3.25%. The CPM indicated that this decision came in a context of “rising regional uncertainties, continuing inflationary pressures, increasing financial conditions on international markets and reduced mobilization of external resources.” The inflation rate within UEMOA registered a downward trend between the first and second quarters of 2023, rising from 5.8% to 4%. For the month of July, the rate fell to 3.4%

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