The Central Bank of West African States (BCEAO) has decided to maintain its key interest rates. The refinancing rate remains at 3.25%, with 5.25% for the marginal lending window.
The reserve requirement ratio is unchanged at 3%. This decision follows the Monetary Policy Committee meeting in Dakar on September 17, 2025. Strong economic growth and falling inflation influenced the move. WAMU’s GDP rose 6.5% in Q2, while inflation dropped to 0.6%.
In Togo, inflation eased to 1.1% in August, mainly due to lower food and transport costs. BCEAO says it will stay vigilant against risks such as climate change, insecurity, and global trade tensions.
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