The benchmark interest rate in Senegal was last recorded at 4 percent. source: Central Bank of West African States (BCEAO)

Interest Rate in Senegal averaged 4.03 percent from 2010 until 2021, reaching an all time high of 4.50 percent in December of 2016 and a record low of 3.50 percent in September of 2013. This page provides - Senegal Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Senegal Interest Rate - values, historical data and charts - was last updated on October of 2021.

Interest Rate in Senegal is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Senegal Interest Rate is projected to trend around 4.50 percent in 2022, according to our econometric models.

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Senegal Interest Rate

Senegal Last Unit Reference Previous Highest Lowest
Interest Rate 4.00 percent Sep/21 4.00 4.50 3.50
Money Supply M0 2826900.00 XOF Million Jul/21 2597100.00 2826900.00 511899.00
Lending Rate 8.69 percent Aug/21 8.69 14.19 8.25
Money Supply M2 7118200.00 XOF Million Jul/21 6969000.00 7118200.00 1051355.00
Loans To Private Sector 2902002.00 XOF Million Sep/16 2849250.00 2902002.00 868952.00

Senegal Interest Rate
Senegal is a member of the Economic and Monetary Community of West Africa (UEMOA). In UEMOA, interest rates decisions are taken by the Central Bank of West African States’ Monetary Policy Committee. The Central Bank of West African States’ official rate is the key interest rate.