BEAC confirms "economic recovery" in Central Africa

The Bank of Central Africa States of (BEAC) confirmed "economic recovery" in the countries of the Central African economic and Monetary Community (CEMAC), during a regular session of the Committee of monetary policy (CPM), learned Thursday APA's official source.

In a statement, BEAC noted that in 2014, under the effect of the recovery of oil activity and the good conduct of the non-oil sector, "revised Outlook suggests an acceleration of growth to 6.1 per cent in 2014 including 3.6 percent for the oil sector and 7.1 percent for the non-petroleum sector which remain however still insufficient to engage a real decline in poverty in the sub-region."

From the perspective of the economic emergence in the CEMAC zone to medium-term, the CPM noted that there is a relative mastery of inflationary tensions around 3 percent, a turnaround in the budgetary balance base commitments excluding grants less than 3 percent of GDP, not to mention outdoor coverage rate of the currency which is set to 98.8 percent.

However, BEAC fell by 30 basis points, the tender interest rate, even that she decided to influence more monetary policy initiated last year.