Cemac: Banks show rising interest in BEAC liquidity injectio

Cemac: Banks show rising interest in BEAC liquidity injection operations


(Business in Cameroon) - During the March 2, 2021, liquidity injection operation organized by the Bank of Central African States (BEAC), banks operating in the CEMAC region captured XAF213.7 billion of liquidity. According to a compilation of these weekly operations organized by the central bank since 2020, this is the highest volume of liquidity captured by those banks.
When the operations were launched to help banks finance CEMAC economies amid the pandemic, the weekly volumes captured ranged between XAF30 and 80 billion. However, since January 2021, these volumes have been rising steadily. Indeed, between January and February 2021, the said banks captured XAF1,173 billion (with interest rates being about 3.25%, the central bank key interest rate) during those operations, according to figures published by the BEAC.

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