In its latest publication entitled "Monthly note on the economic situation", the Central Bank of West African States (Bceao) indicates a decline in bank lending interest rates during the month of February 2021 compared to the last month.

Banking Conditions Survey results reveal a West African Economic and Monetary Union (UEMOA)-wide decline in bank lending interest rates during the month of February 2021 compared to the previous month . The central bank's “Monthly economic outlook note” indicates that: “Excluding charges and taxes, the average lending rate stood at 6.24%, down slightly from the previous month (+6.26%). »

Thus, a drop in the cost of credit is noted in Senegal (5.9% against 6.3%), in Guinea-Bissau (8.5% against 8.1%), in Niger (8.2% against 8. 4%), in Togo (7.3% against 7.4%) and in Côte d'Ivoire (5.7% against 5.8%). The stability of rates observed in Benin (6.2%) and Burkina (6.2%) had a moderating effect. Deposit interest rates on term deposits stood at 5.20% in February 2021, compared to 5.38% the previous month.