The Bceao has published its "Monthly Bulletin of Statistics - March 2020". In the document consulted by the
Journal of the Senegalese Economy (Lejecos), the Bceao reviews the measures taken by the banks
power plants to respond to the Covid-19 crisis.
The Bceao informs that during the month of March 2020, several Central Banks have lowered their rates
directors in response to the Covid-19 crisis. "In particular, the Federal Reserve has cut its rate by 150
basis points to bring it down to 0.25%. The Central Bank of England has decided on a decrease of 65
basis points at 0.1%, to support the economy in the face of the consequences of Covid-19.
As for the Chinese Central Bank, it reduced its benchmark rate by 20 basis points to 2.2%. In this
as far as the European Central Bank is concerned, it should be pointed out that its rates were already zero at
the advent of Covid-19. The actions taken in the face of this crisis have consisted in particular of the implementation
place of a massive asset purchase program, "reveals the Bceao.
She adds that the Covid-19 crisis has also negatively affected the price of stock market indices
International. Indeed, compared to the same period of the previous year, there is a decrease in
stock index prices during the month of March 2020. The largest year-on<-year decline was > recorded by the Footsie 100 index (-23.0%), followed by the Cac 40 index (-17.8%) and EuroStoxx 50
(-16.9%).
On the foreign exchange market, Japan (-5.4%) and the United States (-2.1%) recorded a depreciation, in
annual rhythm of their currencies. On the other hand, the pound Sterling (+4.2%) and the yuan (+2.4%) appreciated
during the period under review.