(Business in Cameroon) – Commercial banks in the CEMAC region secured CFA260 billion in liquidity from the Bank of Central African States (BEAC) on October 1, 2024. Although the offer was fully subscribed, demand was notably lower than in past operations, according to the central bank’s results.
In previous liquidity operations, subscription rates exceeded 400%. However, the October 1 operation saw a subscription rate of only 105%. Banks requested CFA273 billion, slightly above the CFA260 billion offered.
This lower demand reflects a decrease in financing needs among CEMAC banks, following the central bank’s injection of liquidity since resuming these operations in June 2024. Given this shift, BEAC may gradually reduce the weekly liquidity offered to banks as part of its effort to address inflationary pressures in the region.
