CEMAC Banks' Liquidity Demand Rises 12% to CFA904 Billion

CEMAC banks requested CFA903.9 billion in liquidity from the Bank of Central African States (BEAC) at its September 15, 2026 weekly refinancing operation, a 12% increase in one week that pushed demand further above the central bank’s CFA800 billion offer. The gap between bids and available liquidity reached CFA103.9 billion, resulting in a subscription rate of 112.9%, according to results published by the BEAC. The increase stands out compared with the previous two operations in September. On September 1, credit institutions requested CFA806.1 billion against the same CFA800 billion offer, for a subscription rate of 100.76%. One week later, demand edged up to CFA806.9 billion, equivalent to 100.86% of the amount available. Between September 8 and September 15, demand therefore increased by CFA97 billion, or 12%. Compared with the beginning of the month, the increase was CFA97.8 billion. The BEAC’s CFA800 billion weekly allocation has therefore fallen short of total bids at every operation since the beginning of September, with the gap widening sharply in ...