The WAEMU interbank market recorded a decline in the volume of securities traded during the month of March 2022. This volume amounts to 577.5 billion CFA francs.

According to the Bceao, the average weekly volume of operations, all maturities combined, fell from 581.3 billion in February 2022 to 577.5 billion in March 2022, a decline of 0.7%. The weighted average rate came out at 2.53% in March 2022 against 2.50% the previous month. On the one-week market, the average volume of operations fell by 5.6% over the month under review to 370.7 billion. The average interest rate in this market rose 7 basis points from 2.26% in February 2022 to 2.33% in March 2022.

The Bceao informs that, excluding charges and taxes, the borrowing rate in the Union came out at 6.28% in March 2022, against 6.25% in February 2022. As for the deposit interest rates on term deposits, they also increased, reaching 5.25% in March 2022, compared to 5.24% in February.