The main interest rate at which WAEMU lends its resources to banks remains set at 3.50%, while the interest rate on the marginal lending facility is maintained at 5.50%. These rates have been in effect since December 16, 2023. This decision is based on an analysis of the economic situation, characterized by sustained growth, a decline in inflation, and an improvement in external trade. WAEMU forecasts growth of 6.3% for 2025, driven by the extractive, manufacturing, and agricultural sectors. According to the monetary authority, the Union's economic activity remained dynamic, with a 7.0% growth in gross domestic product (GDP) in the fourth quarter of 2024, after 5.8% in the previous quarter.Over the entire year, WAEMU estimates that real GDP grew by 6.2% in 2024 compared to 5.3% in 2023, and could reach 6.3% in 2025.This economic expansion is driven by all sectors, particularly the extractive, manufacturing, and agricultural sectors, notes WAEMU, highlighting the role of bank credit in financing activity. As of December 31, 2024, loans to the private sector increased by 6.3% year-over-year compared to 5.8% three months earlier. The institution forecasts a more marked increase in 2025, to 8.6%. The trend of disinflation continued, with an inflation rate of 2.9% in the fourth quarter of 2024, compared to 4.1% in the previous quarter. According to the Central Bank of West African States, this decrease is due to the decline in prices of imported food and energy products, as well as the improvement in food production.For 2025, WAEMU forecasts that inflation will decline to 2.7% after reaching 3.5% in 2024. However, the institution warns against persistent risk factors, including insecurity in certain areas of the Union, the effects of climate change on agricultural production, and geopolitical tensions that could affect global prices of energy and food products.The West African Economic and Monetary Union (WAEMU) Central Bank  has noted an improvement in the external situation of the WAEMU, thanks to the increase in the prices of exported products, hydrocarbon sales, and an increasing mobilization of external financing by member states. The WAEMU's foreign exchange reserves rose from 2,942.9 billion FCFA in November 2024 to 3,625.7 billion FCFA in December, representing a 23% increase.WAEMU''s Monetary Policy Committee stated that it will remain vigilant regarding the evolution of inflation and the economic and financial situation, and will take appropriate measures to ensure the monetary and financial stability of the Union, if necessary. This decision reaffirms the institution's strategy and demonstrates its confidence in the Union's economic trajectory

Christelle koambi