银行流动性：2025年4月中非央行每日注资额创历史新高

Core Insights - The Central African States Bank (BEAC) has significantly increased its liquidity injections into the banking system, reaching an average of 12,161 billion Central African Francs (approximately $21.8 billion) per day in April 2025, a 7.8% increase from 11,278 billion Francs ($20.2 billion) three months prior, aimed at alleviating structural liquidity shortages in the banking sector [1][2] Group 1 - The gross reserves of the CEMAC banking system decreased by 11.0% from January to April 2025, dropping by 1,032 billion Francs to only 8,373 billion Francs (approximately $15 billion) by April 2025 [1] - The ratio of free reserves (exceeding the statutory minimum) to statutory reserves increased from 61.7% a year ago to 78.2%, yet this was insufficient to stabilize the banking system [1] - The liquidity deficit in the banking sector worsened from 1,976 billion Francs (approximately $3.5 billion) in January to 3,152 billion Francs (approximately $5.6 billion) in April, indicating a growing funding gap [1] Group 2 - The number of banks facing difficulties in meeting statutory reserve requirements increased from 3 to 5 within three months, highlighting the fragility of financial balance in the regional banking sector [2] - BEAC has utilized all refinancing tools, including increasing the scale of liquidity injection operations and enhancing the allocation through special refinancing windows, to mitigate the imbalance [2] - Although these interventions have prevented a sharp credit contraction, they expose the vulnerability of the banking sector's financial balance, with potential risks to the banks' ability to finance the real economy, particularly small and medium-sized enterprises, if monetary policy support is partially withdrawn [2]