At the level of the Union, bank lending rates increased by 4 bps during the month of February 2024, compared to the previous month, according to the results of the survey on banking conditions.

La Banque centrale des Etats de l' Afrique de l' Ouest (Bceao) a indiqué que le taux de average debtor excluding charges and taxes, rose to 6.94% in February 2024 and 6.62% a year earlier. The cost of bank credit grew in Niger (9.30% against 6.98%), in Mali (7.96% against 6.87%), in Guinea-Bissau (9.16% against 9.05%) and in Benin (7.26% against 6.98%), and in Benin (7.26% against

In addition, Senegal, Burkina, Côte d'Ivoire and Togo recorded a decrease respectively (6.13% against 6.72%), (7.88% against 8.08%), (6.68% against 6.74%) and (7.49% against 7.52%) respectively. Credit interest rates on term deposits fell by 13 bps to 5.22%, compared to 5.35% a month earlier and 5.30% a year earlier

According to BCEAO, deposit remuneration by country has deteriorated in Guinea-Bissau (3.50% against 4.75%), Ivory Coast (4.40% against 5.75%), Ivory Coast (4.40% against 5.25%), Togo (4.40% against 5.25%), Togo (5.52% against 5.25%), Togo (5.52% against 5.68%) and Mali (5.39% against 5.50%). In the other countries of the Union, credit interest rates increased. Burkina Faso (5.90% against 5.27%), Benin (5.72% against 5.27%), Benin (5.72% against 5.25%), Niger (6.03% against 5.71%) and Senegal (5.61% against 5.60%)