- Bank liquidity jumps CFAF 1.7 trillion ($3bn) across West African bloc
- BCEAO holds rates as growth, exports and inflation align
Liquidity across West Africa’s eight-nation currency bloc surged over the past year, easing pressure on banks as growth stayed strong and inflation turned negative, the regional central bank said.
The Central Bank of West African States (BCEAO) said liquidity expanded by about CFAF 1.7 trillion ($3bn) year-on-year, creating what Governor Jean-Claude Kassi Brou described as an “abundant” liquidity environment for lenders in the West African Economic and Monetary Union (WAEMU).
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