34.9 C
Tunisia
Sunday 13 June 2021
HomeNewsTunisia: BCT increases key interest rate, cut mandatory reserve of banks

Tunisia: BCT increases key interest rate, cut mandatory reserve of banks

The Executive Board of the Central Bank of Tunisia has decided to make a technical adjustment of the intervention rate of the BCT on the money market by increasing the key interest rate of the Central Bank by 50 basis points, from 4% to 4.5%, and tighten the corridor of these rates by adopting symmetrical margins of 25 basis points for deposit and loan facilities.

Similarly, it has decided to reduce the rate of mandatory reserves of banks in the Central Bank, from 2% to 1%.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS