The monthly statistics bulletin of the Central Bank of West African States (BCEAO) reveals contrasting developments in all the member countries of the West African Economic and Monetary Union (UEMOA). The inflation rate stood at 1.9% year-on-year at the end of January 2021.

After reaching 2.2% in December 2020, the inflation rate came out, year-on-year, at 1.9% at the end of January 2021. “The stock market indices recorded contrasting trends during the month of January 2021 “, underlines the monthly bulletin of statistics on the account of January 2021.

The average amount of bids on the weekly auction window stood at 3,534.2 billion in the period under review, compared to 3,640.5 billion in December 2020; a decrease of 2.9%.
The Union interbank market shows that the average weekly volume of transactions, all maturities combined, fell by 5.3% to stand at 343.9 billion in January 2021. The weighted average rate of the said transactions stood at 2, 70%, against 2.61% the previous month.

"Average trading volume stood at 250.0 billion in January 2021, after 279.2 billion a month earlier," the bulletin said. The average interest rate on this window increased to 2.54% in January 2021, against 2.45% the previous month.
Deposit interest rates on term deposits stood at 5.26% in January 2021, compared to 5.51% the previous month. Business leaders surveyed by the Central Bank declared a very slight improvement in the business climate during the month of January 2021.