IMF praises BCEAO’s latest policy actions
The International Monetary Fund has praised action taken by the Central Bank of West African States (BCEAO) in its December policy meeting.
At the meeting, the monetary council decided to increase its credit facility rate to 4.5% from 3.5% and tightened access to the refinancing window.
"These measure should encourage banks to reconsider their risk policy and strengthen their capital," says IMF mission chief Boileau Loko, in a statement published February 16.
Loko also says the central bank is
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary policy decisions
RBI holds rate despite stubborn inflation
Policy-makers hint at need for further tightening as inflation stays above target
RBA raises interest rate to 11-year high
Governor Philip Lowe signals further rate hikes may be needed
Dominican Republic cuts key rate by 50bp
Central bank expects headline inflation will have returned to target in May
Thailand’s central bank raises interest rate for sixth consecutive time
Central bank highlights upside risks to inflation amid economy recovery
Sarb raises rates and warns of worsening economy
Central bank cuts growth forecast and says long-term inflation expectations are rising
Nigerian MPC continues tightening
Official figures show slight rise in inflation as pressure on currency continues
Iceland raises rates 125bp to head off ‘wage-price spiral’
MPC orders largest increase in two-year tightening cycle as inflation remains near 10%
RBNZ raises rates to peak level
Central bank predicts rates will come down slightly faster than in February forecast