BFA - Economic Report

Dear subscriber [name],

Please find attached the 1Q 2026 Economic Report

Highlights:

• Moderate optimism prevails regarding the evolution of the foreign exchange market for 2026;

• The money market was very active through out 2025, with an intense exchange of liquidity between banks and a strong presence of the BNA;

• After a prolonged period of strong monetary tightening, 2025 was marked by a transitional phase in global monetary policy;

• Record numbers in the Chinese trade balance;

• Africa 2026: resilient but heterogeneous growth.

Best regards,
BFA

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