The Executive Board of the Central Bank of Tunisia (BCT) decided, at its meeting on December 11, to keep the Bank’s key interest rate unchanged at 8%.
The BCT stressed that the gradual decline in inflation and its main components should continue in the period ahead.
The annual average inflation rate for 2023 as a whole is expected to be around 9.3%, compared with 8.3% in the previous year. According to the BCT, upside risks to the future path of inflation could stem in particular from a significant and sustained rise in international prices and an increase in water tensions.
In the Board’s view, the current level of the policy rate will contribute to a further deceleration of inflation in the period ahead.
