On September 3, the Bank of Mauritius organized a Symposium of Governors of African Central Banks (ABCA) in Port Louis, Mauritius. The Governor of BCEAO, Jean-Claude Kassi Brou, who participated in this meeting, shared the experience of

“Raising key rates to fight inflation: Is it enough for African Central Banks? What are the implications for financial stability? ” This is the theme of the panel in which the Governor of BCEAO style="font-family: "Bookman Old Style”, "serif"> participated as a panelist. During his speech, he said that raising key rates, while essential to respond to persistent inflationary pressures, is not enough to stabilize inflation, especially in Africa where external factors, such as supply chain disruptions and security crises, are worsening the situation. He also shared the experience of Uemoa , where coordination between monetary policy and the fiscal policies of member states played a crucial role in containing inflation. He also described the measures taken by the BCEAO style="font-family: "Bookman Old Style”, "serif"> to stabilize the regional financial market, such as intervening in the secondary market to buy back public securities, thus helping to re-establish the hierarchy of rates and to prevent the risk of government default.