BCEAO Holds Key Rate at 3.00% as WAEMU Faces Deflation and Political Risk

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. A renewed Middle…