The average money market rate (MMR) remained stable at 7.49% in November 2025, for the third consecutive month, according to the latest data published by the Central Bank of Tunisia (BCT).
This stability reflects a certain calming in the money market, without signaling an immediate drop in the cost of credit.
Indeed, the maintenance of the MMR at 7.49% is mainly explained by the absence of any change in the central bank’s key interest rate since last March.
In a context where inflation remains high but is slowing, the monetary authorities favor caution to avoid a resurgence of inflationary pressures.
Therefore, this stability can be interpreted as a signal: monetary policy remains restrictive, but it is no longer tightening.
Bank financing conditions remain largely unchanged, which limits the volatility of the cost of money in the interbank market.
For Tunisian households and businesses, this stability in the TMM does not mean financial relief.
Thus, the MMR serves as a reference for calculating the effective global rate (TEG) applied to loans, particularly variable-rate loans.
A MMR stuck at a high level therefore keeps monthly payments at their current level, without any decrease.
