BCEAO maintains key interest rates amid persistent price stability risks
via SeneNews2 min read
The Monetary Policy Committee MPC of the Central Bank of West African States BCEAO decided yesterday in Dakar to keep its key interest rates unchanged. This decision comes amidst persistent uncertainties regarding price stability within the Union. The main policy rate, at which the institution refinances commercial banks, remains at 3%, while the marginal lending facility rate stays at 5%. The reserve requirement ratio for credit institutions in the Union is also maintained at 3%. These rates have been in effect since March 16, 2026. According to BCEAO Governor and MPC Chairman Jean-Claude Kassi Brou, this stance reflects a cautious approach due to a fragile international environment, particularly persistent tensions in the Middle East, which could impact the macroeconomic balance of member countries. Inflation indicators remain contained, with the MPC reporting an inflation rate of -0.2% in the first quarter of 2026, following -0.8% in the previous quarter. For the entire year, inflation is projected to reach 1.6%, driven by expected increases in energy prices and certain imported food products. However, the monetary institution does not rule out an acceleration of prices if geopolitical tensions worsen. Economic activity in the Union remains dynamic, with growth estimated at 6.1% in the first quarter of 2026, compared to 6.5% in the previous quarter. This performance is supported by all sectors, especially extractive and manufacturing industries, as well as a strong agricul
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