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Central Africa's c.bank cuts 2015 GDP forecast, holds rate

BEAC3

Thu, 26 Mar 2015 Source: Reuters

The governor of the central bank of the six-nation Central African CEMAC zone on Wednesday trimmed its 2015 economic growth forecast to 4.2 percent from 5 percent.

Lucas Abaga Nchama, governor of the regional bank, known as BEAC, kept the main lending rate unchanged at 2.95 percent.

"The (economic) performance will be affected by a less than favourable international environment and a worrying security situation," Nchama said of the zone, which includes Cameroon, Central African Republic, Chad, Republic of Congo, Gabon and Equatorial Guinea.

Source: Reuters