BEAC raises interest rates
Central African states’ shared central bank imposes first hike in three years
The Bank of Central African States (BEAC) announced December 1 that its monetary policy committee had raised a key interest rate by 25 basis points. The MPC made the decision at an “extraordinary” meeting on November 25. The move brings the tender rate, one of the policy rates, to 3.5%.
The central bank has kept the tender rate stable at 3.25% since March 2020. It last raised interest rates in October 2018.
In a brief press release, the MPC said its move was motivated by concerns about the
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