According to the Central Bank of West African States (Bceao) in its Monthly Economic Note
economy in the WAEMU countries at the end of November 2019, interest rates on the money market
experienced upward trends during the month under review.
“On the money market, the weighted average interest rate of one-week tender operations
of the Bceao increased during the month of November 2019, standing at 3.42% against 2.90% one month
earlier. The marginal rate, meanwhile, fell from 2.62% in October 2019 to 3.05% in November 2019.
On the interbank market, the average interest rate for transactions stood at 4.41% in the month of
November 2019, after 4.35% the previous month, an increase of 6 basis points. On the compartment
one week, the cost of money fell slightly, standing at 4.22% against 4.30% a month earlier”,
informs the institution.
She adds that the survey on banking conditions shows an increase in interest rates
debtors during the month under review. Excluding charges and taxes, specifies the same source, the average rate
calculated at EU level was 6.78% in November 2019, compared to 6.61% in October 2019.
Depending on the nature of the debtor, the Bceao points out that interest rates have increased at the level of loans
granted to individuals (+26.39 bps).
On the other hand, it notes that the cost of credit has fallen for advances to individual companies (-10.19
bps), state-owned companies (-9.63 bps) and financial customers (-2.41 bps). Analysis according to the purpose of the loan
indicates an increase in lending rates relating to equipment loans (+25.5% pdb) and housing
(+22.25% bps). The decrease recorded at the level of cash loans (-24.58 bps), export loans (-14.11
bps) and consumption (-2.46 bps) dampened the bullish profile of lending rates during the period
under review.