Central Bank of West African States boosts growth estimates

bceao-dakar

The Central Bank of West African States' monetary policy committee increased growth expectations and held its benchmark interest rate at 4% at a meeting in Dakar on December 7.

The committee estimates GDP growth in the West African Monetary Union in 2012 will reach 5.8%, 50 basis points higher than its prediction three months ago. Efforts by member states to increase investment in agriculture and infrastructure have helped to yield the improved production, the committee said, and growth is

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