The Executive Board of the Central Bank of Tunisia (BCT) noted, at its meeting Wednesday, October 28, 2015 in Tunis, the slower pace of financing to the economy by the financial sector.
This downturn has affected most of the productive sectors, reflecting lower demand for credits, particularly those directed to investment as evidenced by the decline in the growth rate of financing to the economy to 3.3% in the first nine months of the year from 6.8% for the same period in 2014.
In the same context, the BCT noted the contraction of the liquidity needs of the banking sector, which resulted in a decrease in the volume of refinancing by the Central Bank from 6.4 billion dinars recorded on July 14, 2015 (the highest level since the beginning of the year) to 4.9 billion on October 26, 2015.
This decline has kept the interest rate on the money market at levels close to the key rate of the BCT, i.e. a positive trend reflecting the stabilization of the market.