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UEMOA: Slight increase in the debtor interest rate in January

31/03/2021
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The 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%)

which offset the trend.
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