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Monetary activity: The CEMAC zone recorded an increase in the 4th quarter

18/02/2021
Categories: Economy/Forex

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In its November monetary bulletin, the Central Bank indicates that the volume of interbank transactions amounted to 115.4 billion FCFA, (212 million dollars) compared to 109.5 billion (201 million dollars) a month earlier, an increase of 5.4%.

The upward trend in monetary activity observed since the third quarter within the Central African Economic and Monetary Community (CEMAC) was reinforced in the fourth quarter. While the volume of interbank transactions was expected to be 115.4 billion FCFA, the average amount of cash injections into the money market increased to 357.1 billion FCFA (660 million dollars) compared to 338.2 billion (624 million dollars).
Public securities issued by auction reached 337.6 billion ($623 million) compared to $298.9 billion ($551 million) the previous month. The interest rates charged for all these operations varied between 3.25% and 7.5%, while the activities of this money market segment were characterized by an increase in its outstanding assets, the maintenance of all BEAC interest rates and the non-renewal of long-maturity injection operations. As a result, the Tender Interest Rate (TIAO) remained at 3.25%, the Marginal Lending Facility Rate (TFPM) at 5.00%, the Interest Rate on Bank Investments and the Deposit Facility Rate

at 0.00%.
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