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Senegal Interest Rate

Senegal's interest rate remained at 5.25% in July 2025, unchanged from June 2025. The Central Bank of West African States maintained its monetary policy to support growth and manage inflation. This decision reflects a cautious approach prioritizing price stability and regional financial health. The policy aims to encourage favorable financing conditions for economic activities. Senegal's record low interest rate was 3.5% in September 2015 and record high was 5.5% in December 2023.

Historical Data (2015-2025)

(in %)
Date Interest Rate
Jul 31, 2025 5.25%
Jun 04, 2025 5.25%
Apr 30, 2025 5.5%
Mar 05, 2025 5.5%
Jul 31, 2024 5.5%
Jun 04, 2024 5.5%
Jan 31, 2024 5.5%
Dec 16, 2023 5.5%
Oct 31, 2023 5.25%
Sep 16, 2023 5.25%
Jul 31, 2023 5%
Jun 07, 2023 5%
Apr 30, 2023 5%
Mar 16, 2023 5%
Jan 31, 2023 4.75%
Dec 16, 2022 4.75%
Oct 31, 2022 4.5%
Sep 16, 2022 4.5%
Jul 31, 2022 4.25%
Jun 16, 2022 4.25%
Apr 30, 2022 4%
Mar 02, 2022 4%
Dec 09, 2021 4%
Apr 30, 2021 4%
Mar 03, 2021 4%
Dec 02, 2020 4%
Oct 31, 2020 4%
Sep 21, 2020 4%
Jul 31, 2020 4%
Jun 22, 2020 4%
Mar 31, 2020 4.5%
Feb 28, 2020 4.5%
Dec 04, 2019 4.5%
Oct 31, 2019 4.5%
Sep 04, 2019 4.5%
Jul 31, 2019 4.5%
Jun 12, 2019 4.5%
Apr 30, 2019 4.5%
Mar 06, 2019 4.5%
Jan 31, 2019 4.5%
Dec 05, 2018 4.5%
Oct 31, 2018 4.5%
Sep 12, 2018 4.5%
Jul 31, 2018 4.5%
Jun 06, 2018 4.5%
Apr 30, 2018 4.5%
Mar 07, 2018 4.5%
Jan 31, 2018 4.5%
Dec 06, 2017 4.5%
Oct 31, 2017 4.5%
Sep 06, 2017 4.5%
Apr 30, 2017 4.5%
Jan 31, 2017 4.5%
Dec 06, 2016 4.5%
Oct 31, 2016 3.5%
Apr 30, 2016 3.5%
Mar 02, 2016 3.5%
Oct 31, 2015 3.5%
Sep 09, 2015 3.5%
Senegal Interest Rate : Definition
The Interest Rate set by the Central Bank of West African States (BCEAO) is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Private Credit (% GDP) 29.72% 31.45% 2024