The Central Bank of Tunisia (BCT) announced that its Executive Board met on Thursday, November 28 to review the latest economic and financial developments, both internationally and domestically.
In view of the risks associated with inflation, the BCT’s Executive Board considered it necessary to maintain a prudent monetary policy and decided to leave the Bank’s key interest rate unchanged at 8%.
Following a gradual downward trend, the inflation rate stabilized at 6.7% in October for the third consecutive month. This was mainly due to the rise in fresh food inflation, which reached 13% in the same month.
On the other hand, underlying inflation “excluding fresh food and products at administered prices” continued to ease to 6.4% in October 2024, compared with 6.7% in the previous month and 8.9% a year earlier.
Furthermore, in view of the performance expected for 2024 as a whole, the BCT’s Executive Board stressed the need for all stakeholders to work to speed up the implementation of the necessary reforms and overcome any difficulties in order to strengthen supply capacities and achieve growth rates that will enable global balances to be maintained.
