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Money market: BEAC injects 250 billion FCFA

04/08/2021
Categories: Index/Markets

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The Bank of Central African States (BEAC) is carrying out a liquidity injection operation of 250 billion FCFA (452 million dollars) on the money market of the sub-region. The objective is to allow economic agents to have the necessary means with a view to stimulating investment and boosting consumption.

Through this injection of funds, the Central Bank is providing support to the productive sector to help mitigate the adverse effects of the Covid-19 pandemic. This financial operation, whose interest rate for tenders (TIAO) is 3.2% in accordance with the decisions of the Monetary Policy Committee (CPM) should not exceed five bidders, will take place from August 05 to 12, 2021 and concerns all the banks operating in the Economic and Monetary Community of Central Africa (CEMAC). In view of the difficult economic situation in the sub-region, this liquidity injection operation in the form of a call for tenders at variable rates and whose submission deadline is scheduled for August 4 could meet with a huge success, confirming an evolving trend observed in recent times.

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