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Yaoundé - 23 September 2019 -
Economy

BEAC’s XAF60 bln liquidity offer oversubscribed at 276%

BEAC’s XAF60 bln liquidity offer oversubscribed at 276%
  • Comments   -   Thursday, 05 September 2019 16:05

(Business in Cameroon) - The liquidity offer issued by BEAC on September 4, 2019, was concluded with 276% subscription rate.

According to official results, demands received amounted to XAF165.5 billion while it was only offering XAF60 billion. In addition, the weighted average interest rate for the liquidities finally adjudicated is 6%, about twice the prime rate within CEMAC.

BRM

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