Bloomberg News

West Africa Central Bank Must Curb Price Pressures, Deputy Says

June 01, 2011

June 1 (Bloomberg) -- The Central Bank of West African States must ensure it curbs price pressures to help sustain economic growth in the region, Vice Governor Jean-Baptiste Compaore said.

“Each person in the central bank must play their role so that there would be as little inflation as possible,” Compaore told reporters in Dakar, Senegal as he headed into a Monetary Policy Committee meeting to set interest rates for the region.

Ivory Coast is the “economic engine” of the region and its recovery will determine the growth outlook in West Africa, he said.

To contact the reporter on this story: Drew Hinshaw in Dakar at dhinshaw@bloomberg.net

To contact the editor responsible for this story: Nasreen Seria at nseria@bloomberg.net


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