The Banking Commission of the Central African Republic published September 2026 Treasury market statistics for the Central African Economic and Monetary Community (CEMAC), showing lower borrowing costs and rising outstanding securities despite weaker auction subscriptions. The average cost of funds fell from 8.74% in August to 7.05% in September. Outstanding Treasury securities increased 2.35% over the month to XAF 11,016.7 billion, equivalent to 13.9% of regional gross domestic product. The auction subscription rate declined from 76.48% to 70.99%, although primary dealers’ participation rate rose from 19.74% to 21.40%. Borrowing costs declined for both instrument categories. The average cost of Treasury bills fell from 7.11% to 6.64%, while that of Treasury bonds edged down from 9.76% to 9.69%. Primary dealers remained the largest holders of regional Treasury securities, with XAF 6,920.4 billion, or 62.8% of the outstanding stock. On the secondary market, cumulative nominal purchases and sales reached XAF 4,287.0 billion for January through September 2026. Interbank repurchase transactions totaled XAF 10,372.5 billion over the same period.
Banking Commission of the Central African Republic reports CEMAC Treasury borrowing costs falling to 7.05% in September 2026
The Banking Commission of the Central African Republic’s September 2026 statistics show average Treasury borrowing costs in the Central African Economic and Monetary Community (CEMAC) declining to 7.05% from 8.74% in August. Outstanding securities rose 2.35% to XAF 11,016.7 billion. Auction subscriptions fell to 70.99% from 76.48%, despite increased participation by primary dealers.