Benin Interest Rate

The benchmark interest rate in Benin was last recorded at 3.50 percent. Interest Rate in Benin is reported by the Central Bank of West African States (BCEAO). Interest Rate in Benin averaged 3.99 Percent from 2010 until 2014, reaching an all time high of 4.25 Percent in January of 2011 and a record low of 3.50 Percent in September of 2013. Benin 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. This page provides - Benin Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.50 3.50 4.25 3.50 3.50 | 2014/03 2010 - 2014 Percent Monthly

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Benin Interest Rate
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Money Last Previous Highest Lowest Forecast Unit
Interest Rate 3.50 2014-03-05 3.50 4.25 3.50 3.50 2014-03-31 Percent [+]
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Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Benin Inflation Rate at -0.40 Percent  
The inflation rate in Benin was recorded at -0.40 percent in February of 2014. Inflation Rate in Benin is reported by the Central Bank of West African States (BCEAO).
Benin Balance of Trade at -326.66 CFA Franc Billion  
Benin recorded a trade deficit of 326.66 CFA Franc Billion in the fourth quarter of 2013. Balance of Trade in Benin is reported by the INSAE, Benin.
Benin Imports at 393.87 CFA Franc Billion  
Imports in Benin decreased to 393.87 CFA Franc Billion in the fourth quarter of 2013 from 730.90 CFA Franc Billion in the third quarter of 2013. Imports in Benin is reported by the INSAE, Benin.
Benin Exports at 67.20 CFA Franc Billion  
Exports in Benin increased to 67.20 CFA Franc Billion in the fourth quarter of 2014 from 63.57 CFA Franc Billion in the third quarter of 2014. Exports in Benin is reported by the INSAE, Benin.
Benin Current Account to GDP at -9.50 Percent  
Benin recorded a Current Account deficit of 9.50 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Benin is reported by the Central Bank of West African States (BCEAO).
Benin GDP Annual Growth Rate at 5.40 Percent  
The Gross Domestic Product (GDP) in Benin expanded 5.40 percent in 2012 from the previous year. GDP Annual Growth Rate in Benin is reported by the Central Bank of West African States (BCEAO).
Benin Sales Tax Rate at 18.00 Percent  
The Sales Tax Rate in Benin stands at 18 percent. Sales Tax Rate in Benin is reported by the Direction Générale des Impôts et des Domaines.
Benin Government Debt To GDP at 18.80 Percent  
Benin recorded a Government Debt to GDP of 18.80 percent of the countrys Gross Domestic Product in 2011. Government Debt To GDP in Benin is reported by the Central Bank of West African States.
Benin Interest Rate at 3.50 Percent  
The benchmark interest rate in Benin was last recorded at 3.50 percent. Interest Rate in Benin is reported by the Central Bank of West African States (BCEAO).
Benin Population at 10.05 Million  
The total population in Benin was last recorded at 10.1 million people in 2012 from 2.4 million in 1960, changing 315 percent during the last 50 years. Population in Benin is reported by the World Bank.
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