During the third quarter of 2022, monetary conditions in the WAEMU were marked by a slight increase in interest rates, a performance that took place in connection with the policy rate hikes of la Bceao intervened since June 2022.

Refinancing requests from Union banks were served at the minimum rate of 2.5% according to the Bceao. The document published by the bank mentions that “the weighted average interest rate on the interbank market, regardless of maturity, stood at 2.97%, after 2.62% a quarter earlier. For the one-week compartment, the weighted average interest rate was 2.80% after 2.37% in the previous quarter and 2.36% a year earlier. The average debit rate, excluding taxes and charges, is came out to 6.51% in the third quarter of 2022, after 6.35% in the second quarter of 2022, an increase of 16 pdf”.

According to the bank, the annual rate of increase in the money supply stood at 12.4% at the end of September 2022, after 12.7% at the end of June 2022 with regard to the evolution of the monetary situation.