The Bceao's November 2020 Monthly Statistics Bulletin informs that at the level of the WAEMU interbank market, the average weekly volume of transactions, all maturities combined, increased by 20.4% to stand at 284.1 billion in November 2020.

The weighted average rate of the said operations stood at 2.97%, against 3.13% the previous month. Under the one-week compartment, informs the Bceao, the average volume of transactions stood at 187.4 billion in November 2020, after 157.3 billion a month earlier. The average interest rate on this counter rose slightly to settle at 2.76% in November 2020, against 2.73% the previous month.

Provisional data from the survey on banking conditions reveal a drop in lending interest rates during the month of November 2020. Indeed, excluding charges and taxes, the average lending rate calculated across the Union came in at 6.4%, down from 6.6% the previous month. As for the interest rate on customer deposits, it stood at 4.8% in November 2020, against 5.0% the previous month.

During the month of November 2020, the business climate indicator came out slightly down from its level in October 2020. This situation reflects in particular a relative drop in order books in the trade and services sectors. services.

As regards the trade turnover index, it contracted by 4.8%, over one year, in November 2020, after a decline of 1.9% the previous month, mainly in relation with the decline in sales of petroleum and food products.

In addition, the rise in industrial production slowed down to 3.3% in November 2020, against 4.5% the previous month, in line in particular with the deceleration in the pace of production growth in the extractive industries. As for the index of turnover in market services, it rose by 0.7% during the month under review, against an increase of 1.8% the previous month.

Based on official data, the inflation rate should stand at 2.5% year-on-year at the end of November 2020, after reaching 3.5% the previous month.