The reduction in the key rate decided by the Central Bank will apply to interest on loans from next April, Sofiene Lourimi, a banking expert, said in a telephone interview on the Midi Show program on Friday.
Lourimi explained that this new rate will have a significant impact on loans. For example, for a home loan of 200,000 dinars, the reduction could reduce monthly repayments by around 90 dinars.
For a consumer loan of 10,000 dinars, the reduction in monthly payments would be around 50 dinars per month.
He added that this measure would have a positive impact on the purchasing power of citizens, as well as on businesses, which would also benefit from this reduction, through lower borrowing costs. He added that a further reduction of 50 basis points could be envisaged in the future.
Regarding the role of the central bank, Lourimi said that its main task remains to maintain price stability. However, he emphasized that the Bank is pursuing a prudent policy in view of the current inflationary risks.
Regarding the impact of the law on cheques, he pointed out that the reduction in interest rates would be subject to certain conditions.
Firstly, the interest rate on the loan must be fixed. Secondly, at least three years must have elapsed since the start of the repayment and the citizen must submit a request to his bank for the interest rate to be reassessed. If these conditions are met, the effect of the reduction will be clearly visible.
