{"id":8168,"date":"2025-06-11T15:14:35","date_gmt":"2025-06-11T15:14:35","guid":{"rendered":"https:\/\/challengeseconomiques.com\/?p=8168"},"modified":"2025-06-11T15:15:11","modified_gmt":"2025-06-11T15:15:11","slug":"comite-de-politique-monetaire-la-bceao-baisse-ses-taux-dinterets","status":"publish","type":"post","link":"https:\/\/challengeseconomiques.com\/?p=8168","title":{"rendered":"Comit\u00e9 de politique mon\u00e9taire : La Bceao baisse ses taux d\u2019int\u00e9r\u00eats"},"content":{"rendered":"<p><strong>Les membres du Comit\u00e9 de politique mon\u00e9taire (Cpm) de la Bceao, qui se sont r\u00e9unis le 4 juin, ont d\u00e9cid\u00e9 de baisser de 25 points de base les taux directeurs de la Banque centrale, \u00e0 compter du 16 juin 2025. Le principal taux directeur auquel la Banque centrale pr\u00eate ses ressources aux banques passe ainsi de 3, 50% \u00e0 3, 25%, et le taux d\u2019int\u00e9r\u00eat sur le guichet de pr\u00eat marginal de 5, 50% \u00e0 5, 25%.<\/strong><\/p>\n<p>Les acteurs \u00e9conomiques \u00e9voluant au sein de l\u2019Union \u00e9conomique et mon\u00e9taire ouest-africaine (Uemoa) peuvent s\u2019attendre \u00e0 un assouplissement des conditions de financement de leurs activit\u00e9s. Le Comit\u00e9 de politique mon\u00e9taire (Cpm) de la Banque centrale des Etats de l\u2019Afrique de l\u2019Ouest a d\u00e9cid\u00e9, \u00e0 l\u2019issue de sa r\u00e9union tenue hier dans les locaux de la Bceao, de baisser de 25 points de base les taux directeurs de la Banque centrale, \u00e0 compter du 16 juin 2025. Le principal taux directeur auquel l\u2019institut d\u2019\u00e9mission commun aux huit pays de l\u2019Union pr\u00eate ses ressources aux banques passe ainsi de 3, 50% \u00e0 3, 25%, et le taux d\u2019int\u00e9r\u00eat sur le guichet de pr\u00eat marginal de 5, 50% \u00e0 5, 25%, a annonc\u00e9 le Gouverneur de la Bceao.<br \/>\nMais, pr\u00e9cise Jean-Claude Kassi Brou, le coefficient des r\u00e9serves obligatoires applicable aux banques reste inchang\u00e9 \u00e0 3%.<br \/>\n\u00abCette d\u00e9cision du Cpm r\u00e9sulte de l\u2019analyse de l\u2019\u00e9volution des prix, de l\u2019activit\u00e9 \u00e9conomique et de la situation ext\u00e9rieure de l\u2019Union \u00e9conomique et mon\u00e9taire ouest-africaine, ainsi que des risques \u00e0 moyen terme\u00bb, indique le Gouverneur. Avant de d\u00e9tailler\u00a0: \u00abL\u2019inflation a baiss\u00e9 au premier trimestre 2025, passant de 2, 9% \u00e0 2, 3%. Ce recul est li\u00e9 \u00e0 l\u2019am\u00e9lioration de l\u2019offre de produits sur les march\u00e9s, \u00e0 une progression plus faible des prix des produits import\u00e9s, notamment ceux de l\u2019\u00e9nergie, et aux effets des mesures de politique mon\u00e9taire. D\u2019apr\u00e8s les pr\u00e9visions, l\u2019inflation devrait se situer \u00e0 2, 2% en 2025, apr\u00e8s 3, 5% en 2024.<br \/>\nL\u2019activit\u00e9 \u00e9conomique au sein de l\u2019Uemoa reste dynamique. Le Produit int\u00e9rieur brut (Pib) a augment\u00e9 de 7, 1% en termes r\u00e9els au premier trimestre 2025, apr\u00e8s une hausse de 7, 2% au quatri\u00e8me trimestre de 2024. Pour l\u2019ensemble de l\u2019ann\u00e9e 2025, le taux de croissance \u00e9conomique devrait atteindre 6, 4%, apr\u00e8s 6, 3% en 2024, sous l\u2019impulsion de l\u2019ensemble des secteurs d\u2019activit\u00e9, en particulier les secteurs manufacturier et extractif.\u00bb<br \/>\nRelativement au financement des \u00e9conomies de l\u2019Union, une am\u00e9lioration a \u00e9t\u00e9 aussi not\u00e9e. En effet, explique le Cpm, \u00ables cr\u00e9dits \u00e0 l\u2019\u00e9conomie ont augment\u00e9, en glissement annuel, de 5% \u00e0 fin mars 2025, apr\u00e8s une hausse de 4, 5% \u00e0 fin d\u00e9cembre 2024. Cette dynamique de financement devrait se poursuivre pour atteindre 8, 3% \u00e0 fin d\u00e9cembre 2025.<br \/>\nLa liquidit\u00e9 bancaire s\u2019est renforc\u00e9e au cours du premier trimestre 2025. Le taux d\u2019int\u00e9r\u00eat moyen sur le march\u00e9 interbancaire est ressorti en baisse pour s\u2019\u00e9tablir \u00e0 6%. Le solde global des \u00e9changes ext\u00e9rieurs s\u2019est redress\u00e9 au cours de la r\u00e9cente p\u00e9riode, port\u00e9 par la hausse des prix des produits export\u00e9s, l\u2019accroissement des ventes d\u2019hydrocarbures \u00e0 l\u2019\u00e9tranger et la mobilisation de financements ext\u00e9rieurs par les Etats membres\u00bb.<br \/>\nAu cours des prochains mois, le Comit\u00e9 de politique mon\u00e9taire entend accorder \u00abune vigilance particuli\u00e8re aux risques susceptibles d\u2019entra\u00eener des hausses des prix, notamment les cons\u00e9quences du changement climatique, l\u2019\u00e9volution de la situation s\u00e9curitaire au plan r\u00e9gional et les tensions commerciales internationales\u00bb. Il compte \u00e9galement \u00absuivre l\u2019\u00e9volution de la situation \u00e9conomique, financi\u00e8re et mon\u00e9taire, et prendra, si n\u00e9cessaire, les mesures idoines pour assurer la stabilit\u00e9 mon\u00e9taire et financi\u00e8re de l\u2019Union\u00bb.<\/p>\n<p>lequotidien.sn<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Les membres du Comit\u00e9 de politique mon\u00e9taire (Cpm) de la Bceao, qui se sont r\u00e9unis le 4 juin, ont d\u00e9cid\u00e9 de baisser de 25 points&#8230;<\/p>\n","protected":false},"author":1,"featured_media":7977,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-8168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualite-economique","wpcat-8-id"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Comit\u00e9 de politique mon\u00e9taire : La Bceao baisse ses taux d\u2019int\u00e9r\u00eats - 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