The lending interest rates applied by the banks of the West African Economic and Monetary Union (UEMOA) to their customers recorded a slight decline of .01 percentage point during the month of December 2021 compared to the previous month, according to the results of the survey on banking conditions carried out by the Central Bank of West African States (BCEAO) based in Dakar.
Excluding charges and taxes, the average lending rate in WAEMU stood at 6.22% during the period under review against 6.23% in November 2021. With regard to deposit interest rates for term deposits, they averaged 5.27% in December 2021, down 16 basis points from the previous month.
On the regional money market, the issuing institution points out that the average amount of bids on the weekly auction window stood at 3,912.1 billion FCFA in December 2021 against 3,398.4 billion FCFA a month earlier. , an increase of 15.1%. These auctions have been carried out since March 31, 2020 at a fixed rate, namely the minimum interest rate for tenders, which has been reduced from 2.50% to 2.0% as of June 24, 2020.
At the level of the WAEMU interbank market, the average weekly volume of transactions, all maturities combined, stood at CFAF 629.6 billion during the period under review, up 39.7% compared to November 2021. The weighted average rate fell from 2.49% in November 2021 to 2.48% during the month under review.
As for the one-week compartment, the average volume of operations recorded an increase of 56.3% over one month to stand at CFAF 451.7 billion in December 2021. On this compartment, BCEAO services indicate that the average interest rate stood at 2.30% in December 2021 against 2.17% a month earlier.
