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West Africa central bank cuts rates again as deflation opens rare policy window

Fishing market in Dakar, Senegal. Photo by Marie Vicat @ Pixabay
Fishing market in Dakar, Senegal. Photo by Marie Vicat @ Pixabay

Brandon Orion Mensah

Brandon Mensah tracks Africa’s markets, uncovering the forces shaping investment, policy, and financial trends.
  • BCEAO cuts benchmark rate to 3% amid deflation across UEMOA zone
  • Growth accelerates as regional markets and credit expand

 

DAKAR, SENEGAL – West Africa’s central bank cut interest rates for the second time in months, seizing a rare deflationary window that has allowed policymakers to ease monetary conditions without fuelling inflation.

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