According to the press release of the Bank of Central African States (BEAC), the central bank of the Central African Economic and Monetary Community (CEMAC) to which Gabon belongs, the Monetary Policy Committee (CPM) held its second ordinary session of the year on Monday 30 June 2025 in Yaounde, chaired by Governor Yvon Sana Bangui.
Forecasts updated by BEAC staff in June 2025 point to CEMAC growth slowing to 2.4% in 2025 from 2.9% in 2024, due to lower oil output (-2.7%, after -0.8%), despite a non-oil sector growing 3.5% (3.6% in 2024). Inflation would ease to around 2.8% on an annual average basis, from 4.1% in 2024. The budget balance, on a commitment basis excluding grants, would move from -1.1% to -1.2% of GDP, and the current account balance would deteriorate to -4.4% of GDP from -1.4% in 2024, owing to lower oil prices. Broad money would grow by 10.7% to 23,209.5 billion CFA francs, while foreign exchange reserves would fall by 3.2% to 7,063.2 billion at 31 December 2025, an external coverage rate of the currency of 72.7% (74.9% at end-2024) and 4.51 months of imports of goods and services (4.67 in 2024). At global level, the release cites the International Monetary Fund (IMF) April 2025 forecasts: growth of 2.8% in 2025 and 3.0% in 2026.
On this basis, the CPM decided to keep unchanged the tender interest rate at 4.50%, the marginal lending facility rate at 6.00%, the deposit facility rate at 0.00%, and reserve requirement ratios at 7.00% on demand liabilities and 4.50% on term liabilities.
