The Executive Board of the Central Bank of Tunisia (BCT) held its periodic meeting remotely on February 3.
At the beginning of its work, it reviewed recent economic, monetary, and financial developments, particularly in the wake of the unprecedented and persistent global health crisis and its negative impact on economies around the world, including those of partner countries.
The Board also underscored this situation on the recovery of the national economy, whose growth has experienced a sharp contraction during 2020 and has affected both sectors related to external demand and those oriented to the domestic market, especially in a context of declining activity in the extractive sectors.
It stressed the need to achieve political stability and rapidly contain the pandemic and its economic and social repercussions.
This should be consolidated by implementing the reforms needed to support investment in the productive sectors and restore economic operators’ confidence, thereby contributing to speeding up economic recovery.
The Board also noted that agreement on a new structural reform agenda agreed to by all national partners would send a positive signal to donors and international rating agencies, and would facilitate access to international financial markets and the mobilization of external resources.
At the end of its work, the Board decided to keep the key interest rate of the Central Bank of Tunisia unchanged at 6.25%.