Senegal: Business credit interest rate
* indicates monthly or quarterly data series
The most recent value is 8.15 percent as of December 2023, a decline compared to the previous value of 9 percent. Historically, the average for Senegal from January 2005 to December 2023 is 5.91 percent. The minimum of 4.37 percent was recorded in July 2016, while the maximum of 9.59 percent was reached in April 2023.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Central Bank of West African States
| Recent values | Senegal: Business credit interest rate, percent |
|---|---|
| 2023 Dec | 8.15 |
| 2023 Nov | 9 |
| 2023 Oct | 9.02 |
| 2023 Sep | 9.24 |
| 2023 Aug | 9.21 |
| 2023 Jul | 9.18 |
| 2023 Jun | 8.55 |
| 2023 May | 8.45 |
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Definition: The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 9.7 | 2022 | percent |
| Exchange rate regimes | 3 | 2021 | index points |
| USD exchange rate | 613.6785 | 9/2023 | Local Currency Units per USD |
| Money supply (broad money) | 9,354.50 | 9/2023 | billion |
| Consumer Price Index (CPI) | 131.0000 | 9/2023 | index points |
| Inflation, monthly | -0.30 | 9/2023 | percent |
| Inflation, annual | 3.80 | 9/2023 | percent |
| Private sector credit | 5,273.80 | 9/2023 | billion |
| Business credit | 3,019.60 | 9/2023 | billion |
| Household credit | 2,254.20 | 9/2023 | billion |
| Deposit interest rate | 5.61 | Q3/2023 | percent |
| Business credit interest rate | 9.24 | 9/2023 | percent |
| Mortgage credit interest rate | 8.55 | 9/2023 | percent |