Money supply growth at an annual rate slowed down for the fourth consecutive month. According to the Bceao, it went from 20.6% in July 2021 to 14.9% in November 2021, against 16.7% a month earlier.

The decline in the growth rate of net foreign assets (NAA), which fell from 47.0% in July 2021 to 18.5% in November 2021, against 27.2% the previous month, would be the basis of the slowdown in the mass currency according to the Central Bank. It informs in its Monthly note on economic conditions that domestic claims, for their part, increased by 13.3% in November 2021 against 13.1% the previous month and 14.4% in July 2021.

In addition, the BCEAO notes a slight increase in bank lending interest rates during the month of November 2021. Excluding charges and taxes, the average lending rate stood at 6.23%, against 6.21% a month earlier. and 6.50% a year earlier.