According to the monetary policy report published by BEAC, the MPC decided to keep the tender interest rate at 4.75%, the marginal lending facility rate at 6.25%, the deposit facility rate at 0.00%, and the reserve requirement ratios at 7.00% on demand liabilities and 4.50% on time liabilities, in an international context judged to carry strong uncertainties, including the conflict in the Middle East and the war between Russia and Ukraine.
The report states that at end-February 2026, BEAC's foreign exchange reserves stood at 6,769.0 billion CFA francs, down 10.1% year on year, mainly due to a decline in operations account holdings. The reserve centralisation rate stood at 69.1%, against 70.7% a year earlier, while remaining above the conventional 50% threshold. The sub-regional annual average inflation rate fell from 4.1% in December 2024 to 2.1% in December 2025, a decline attributed, among other factors, to the stabilisation of pump fuel prices in Gabon and Equatorial Guinea.
On activity, the report states that in 2025 mineral extraction contributed 0.5 percentage point to CEMAC growth, against -0.2 point in 2024, particularly due to the recovery of manganese extraction in Gabon after disruptions in the first quarter of 2025, while crude oil production fell 2.4%, notably in Equatorial Guinea, Gabon and Chad, owing to ageing oil fields. The report also notes that 26-week treasury bills (BTA) account for 48.0% of Gabon's BTA issuance.
