Benin Economy: Central Bank Reports 2.1% Inflation Rate in Q2 2023

2023-06-16 21:23:31

Par :| Key words : Benin, economy, bank

French.china.org.cn | Updated on 17-06-2023

The inflation rate in Benin stood at 2.1% over one year in the second quarter of 2023, we learned on Friday from the Central Bank of West African States (BCEAO). .

Speaking during the second quarterly meeting of the year held that same day in Benin’s economic capital, the national director of the BCEAO, Emmanuel Assilamehou, considered that this performance of the Beninese economy was part of a sub-regional context marked by an easing of the economic situation.

“At the sub-regional level, we have a situation that is relatively sustained with growth rates of around 5% at the level of the West African Economic and Monetary Union (UEMOA) and an inflation rate that is A few months ago, we had inflation levels that were around 8 to 9% thanks to the measures taken by the BCEAO but also the measures taken by the States and thanks to the relaxations that we have observed. in global energy commodity markets,” he said.

He was pleased with the fact that the inflation rate in the WAEMU area was down to around 4% at the end of the first half of the year.

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