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At the same time, and after a 2017 year characterized by zero growth in the zone, inflation should be below the Community threshold (1.6%), compared with 0.9% a year earlier; the fiscal deficit (excluding grants) will be reduced by 0.3% of GDP, compared to 4% in 2017.
The CPM attributes these different trends to the rise in crude oil prices and production. the international market, to the acceleration of the implementation of economic, monetary and financial reforms relating to programs concluded with the International Monetary Fund (IMF).
Apart from the abolition of the advance rates on National Treasuries, in accordance with the new statutory provisions of the BEAC, the CPM decided to keep the interest rate of the tenders at 2.95% unchanged, the penalty rate at the banks at 7%, and the reserve 0.05%. [1 9659002] In the context of piloting the weighted average interbank interest rate for 7-day transactions, he also announced the creation of a corridor around the tender interest rate (TIAO), ie a marginal loan facility at a rate of 4.70% to replace the repo rate, and a deposit facility at 0.0% in lieu of the 7 day interest rate.
FCEB / you / APA
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