In its “Monthly Statistics Bulletin” of November 2024, the Bceao analyzed the situation of the UEMOA interbank market. According to the institution, compared to the UEMOA interbank market, trade increased during the month under review.
“All maturities combined, the average weekly volume of operations amounted to 966.6 billion in November 2024 compared to 883.8 billion in October 2024, an increase of 9.4%. The average interest rate, calculated on the one-week compartment, increased by 1 basis point, from 6.18% in October 2024 to 6.19% during the period under review,” we read in the document.
The results of the survey on banking conditions show quasi-stability in bank lending interest rates in November 2024 compared to the previous month. Excluding charges and taxes, the average lending interest rate in the Union stood at 7.08% in November 2024, compared to 7.09% the previous month. As for the credit interest rates on term deposits, they stood at 5.40% during the month under review, down 9 basis points compared to the month of October 2024.
During the month of November 2024, the business climate indicator remained above its long-term trend, standing at 100.8, which reflects continued confidence among business leaders on the direction favorable activities. It is down 0.2 points compared to the previous month. The main activity indicators recorded an increase during the period under review.
Thus, compared to the same period of the previous year, the turnover index in market services increased by 4.1% during the month under review. Industrial production increased by 14.8% in November 2024, after an increase of 19.2% in October 2024. As for the turnover of commercial enterprises, it rose by 4.8% during the month. under review, compared to 5.4% the previous month.
Adou Faye
