Bloomberg News

Central African Community Growth May Slow to 5.7% This Year

March 29, 2012

The Central African Economic and Monetary Community trimmed its growth forecast for 2012 to 5.7 percent from 6 percent, Bank of Central African States Governor Lucas Abaga Nchama said.

Inflation in six-nation community is expected to accelerate to 2.8 percent from 2.2 percent, Nchama told reporters yesterday in the Cameroonian capital, Yaounde, after the bank’s Monetary Policy Committee held its first meeting of the year.

Cemac, as the community is known, groups Cameroon, Central African Republic, Chad, Congo Republic, Equatorial Guinea and Gabon.

To contact the reporter on this story: Pius Lukong in Yaounde via Accra at ebowers1@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.


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