In its October 2020 Monthly Statistical Bulletin, the BCEAO referred to banking operations in UEMOA. According to the institution, at the level of the UEMOA interbank market, the average weekly volume of operations, all maturities combined, increased by 31.1% to reach 284.3

The weighted average rate of these transactions was 3.10%, compared to 3.04% the previous month. For the one-week compartment, the average trading volume was 160.0 billion in October 2020,

after 113.1 billion a month earlier, the average interest rate on this counter rose to 2.75% in October 2020, compared to 2.68% the previous month.

According to the BCEAO, provisional data from the survey on banking conditions reveal a stability in borrowing interest rates during the month of October 2020. In fact, excluding charges and taxes, the average debt rate calculated at the Union level was 6.4%, almost stable compared to the previous month. As for the rate of remuneration for customer deposits, it stood at 4.9% in October 2020, compared to 5.2% a month earlier