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Find all the economic and financial information on our Orishas Direct application to download on Play StoreIn its November monetary bulletin, the Central Bank indicates that the volume of interbank operations amounts to 115.4 billion FCFA, (212 million dollars) against 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 Economic and Monetary Community of Central Africa (CEMAC) was confirmed in the fourth quarter. While the volume of interbank transactions was based on CFAF 115.4 billion, the average outstanding amount of liquidity injections on the money market increased to CFAF 357.1 billion ($660 million) from CFAF 338.2 billion ($624 million).
Issues of auctioned government securities reached $337.6 billion ($623 million) compared to $298.9 billion ($551 million) the previous month. The interest rates charged for all these transactions ranged from 3,25 % to 7,5 %, while the activities of this compartment of the money market were characterised by an increase in its outstanding amount, the maintenance of all BEAC interest rates and the non-renewal of long-term injection operations. Thus, 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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