West Africa central bank orders second rate rise of 2022

The BCEAO headquarters in Dakar
The BCEAO headquarters in Dakar
Photo: Ji-Elle/Wikimedia Commons

The Central Bank of West African States (BCEAO) announced a 25 basis point increase in its policy rates on September 14.

The move brings the open market operations rate to 2.5% and the repo rate to 4.5%. It was only the second time the BCEAO monetary policy committee has raised rates since 2016, following a 25bp hike in June.

In its press release, the MPC said the region’s inflation had continued to climb, rising to 8.1% year-on-year in July. The central bank’s inflation target is 2%, with a

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 copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account