WAEMU: BCEAO Keeps Its Rates Unchanged, Despite Pressure From Oil and Geopolitical Crises

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Yesterday in Dakar, the Monetary Policy Committee (MPC) of the Central Bank of West African States (ECOWAS) decided to maintain its main policy rates unchanged, in a context of persistent uncertainties on price stability within the Union. The main policy rate, at which the institution refinances commercial banks, remains at 3%, while the marginal lending window rate remains at 5%. The coefficient of the minimum reserves applicable to the Union's…

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The Monetary Policy Committee (MPC) of the Central Bank of West African States (ECOWAS), meeting on 10 June 2026 in Dakar, decided to keep its main key interest rates unchanged. The minimum rate of submission to liquidity injection operations remains at 3%, while the marginal lending window rate is maintained at 5%. The coefficient of minimum reserves applicable to EU credit institutions also remains unchanged at 3%.