The survey on banking conditions reveals an increase in borrowing interest rates during the month under review. According to the BCEAO, which provides information, excluding charges and taxes, the average rate calculated at the Union level was 6.69% in October 2020, after a level of 6.50% in September 2020, i.e. an increase of 19.4 basis points (dbf), after a fall the previous month (-36.8 bpd).

According to the BCEAO, depending on the nature of the debtor, interest rates have increased in terms of assistance granted to financial customers, insurance and pension funds, as well as to companies in the productive sector. The fall in the cost of credit noted at the level of individual enterprises and village cooperatives and groups moderated

The analysis according to the purpose of the credit indicates that the increase in borrowing rates is localized at the level of cash and consumer credits, attenuated by the fall in the cost of export, housing and equipment advances.