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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe Central Bank of West African States (BCEAO) has just published a monthly Economic Situation Note. The document indicates that the Union's borrowing interest rate increased slightly
.The survey of banking conditions reveals slight increases in borrowing interest rates. Excluding charges and taxes, the average rate calculated at the Union level was stable at 6.26% in January 2021. By country, a drop in the cost of credit is noted in Burkina (6.18% against 7.05%) and Togo (7.40% against 7.54%).
On the other hand, the same source indicates increases in other countries, especially in Côte d'Ivoire (5.75% against 5.69%), Senegal (6.26% against 6.03%), Mali (7.50% against 7.28%) and Niger (8.42% against 7.72%)
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