Interest Spread rose to -1.63% in Burkina Faso in 2016

Interest spread, which is the difference between interest rate on loans and deposits reached -1.63 % in 2016 in Burkina Faso, according to the National Central Bank. This is 11.6 % less than in the previous year.

Historically, interest spread, which is the difference between interest rate on loans and deposits in Burkina Faso reached an all time high of 9.00 % in 1990 and an all time low of -3.60 % in 2009. When compared to Burkina Faso's main peers, interest spread, which is the difference between interest rate on loans and deposits in Ivory Coast amounted to -1.63 %, -1.63 % in Mali and -1.63 % in Niger in 2016.

Burkina Faso has been ranked 130th within the group of 130 countries we follow in terms of interest spread, which is the difference between interest rate on loans and deposits, 14 places above the position seen 10 years ago.

Interest rate spread is the interest rate charged by banks on loans to prime customers minus the interest rate paid by commercial banks for demand, time, or savings deposits.