West Africa's Central Bank Raises Lending Rate After Niger Coup

West Africa's Central Bank raised its main lending rate following another military coup in Niger.
The bank raised the rate by 25 basis points to 3.25% from Sept. 16 amid regional uncertainty and inflation.
The rate hike aims to contain the impact of risk factors on the region's economic outlook.
The bank previously shut down branches in Niger after the coup, citing risks.
The coup could complicate Western efforts to help Sahel countries fight jihadists that have spread across the region.

reuters.com

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8/24/2023

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