Moody’s: BCEAO’s tighter monetary policy to weigh on banks’ liquidity

Moody’s in its report says the shift in monetary policy of the Central Bank of West African States is straining banks' liquidity and will soften their profitability this year. Meanwhile, it notes a further decline in inflation and a recovery in reserves will likely be key to allow a relaxation in the regional central bank's tighter grip on the amount of local currency funding it makes available for the regional banks. Mik Kabeya, Vice President and Senior Analyst at Moody’s joins CNBC Africa to unpack the report.
Mon, 12 Feb 2024 14:25:07 GMT