Contributions to the economy continue to accelerate from an annual rate of 4.4% in December 2019 to 9.3% in December 2020.
The average monthly volume of bank refinancing in February 2021 was 8.46 billion dinars, down 21% compared to the same month of the previous year (10.7 billion dinars).
Compared to the previous month, the monthly average refinancing volume decreased slightly (-3%). This is indicated by a note from the Arab Financial Consultants (AFC).
The same note recalls that following the spread of the COVID-19 pandemic in 2020, the BCT has lowered twice its key rate to bring it down to 6.25%.
Since October 2020, the key rate has remained unchanged at 6.25%. The MMR recorded a slight increase of 8 basis points in February 2021 to 6.23% against 6.15% the previous month and 7.84% in February 2020.