BCEAO holds key rate at 3.00% in June 2026 as WAEMU inflation hits -1.4% in Q3 2025. An oil shock and CFA franc friction add risk—see the outlook.
Africa · Western
Key Facts
—Rate held. The BCEAO maintained its main refinancing rate at 3.00% in June 2026, after cutting from 3.50% earlier in the year.
—Deflation first. WAEMU inflation fell to -1.4% in Q3 2025, with full-year inflation at 0.0%, before a projected rebound to 1.4% in 2026.
—Oil shock. Renewed Middle East tension pushed oil prices higher, raising import-cost risks across the currency union.
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