Senegal Interest Rate

The benchmark interest rate in Senegal was last recorded at 3.50 percent. Interest Rate in Senegal is reported by the Central Bank of West African States (BCEAO). Interest Rate in Senegal 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. 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. This page provides - Senegal Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

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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Senegal 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

Senegal Industrial Production at 3.80 Percent  
Industrial Production in Senegal increased 3.80 percent in February of 2014 over the same month in the previous year. Industrial Production in Senegal is reported by the ANSD, Senegal.
Senegal Inflation Rate at -0.50 Percent  
The inflation rate in Senegal was recorded at -0.50 percent in March of 2014. Inflation Rate in Senegal is reported by the ANSD, Senegal.
Senegal Government Debt To GDP at 59.40 Percent  
Senegal recorded a Government Debt to GDP of 59.40 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Senegal is reported by the Central Bank of West African States (BCEAO).
Senegal Current Account at -788.40 CFA Franc Billion  
Senegal recorded a Current Account deficit of 788.40 CFA Franc Billion in 2012. Current Account in Senegal is reported by the ANSD, Senegal.
Senegal Current Account to GDP at -10.90 Percent  
Senegal recorded a Current Account deficit of 10.90 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Senegal is reported by the ANSD, Senegal.
Senegal GDP Annual Growth Rate at 0.30 Percent  
The Gross Domestic Product (GDP) in Senegal expanded 0.30 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Senegal is reported by the ANSD, Senegal.
Senegal Population at 12.87 Million  
The total population in Senegal was last recorded at 12.9 million people in 2013 from 3.2 million in 1960, changing 305 percent during the last 50 years. Population in Senegal is reported by the World Bank.
Senegal Balance of Trade at -96.16 CFA Franc Billion  
Senegal recorded a trade deficit of 96.16 CFA Franc Billion in January of 2014. Balance of Trade in Senegal is reported by the ANSD, Senegal.
Senegal Exports at 94.94 CFA Franc Billion  
Exports in Senegal decreased to 94.94 CFA Franc Billion in January of 2014 from 105.75 CFA Franc Billion in December of 2013. Exports in Senegal is reported by the ANSD, Senegal.
Senegal Imports at 191.10 CFA Franc Billion  
Imports in Senegal decreased to 191.10 CFA Franc Billion in January of 2014 from 301.10 CFA Franc Billion in December of 2013. Imports in Senegal is reported by the ANSD, Senegal.
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