The Executive Board of the Central Bank of Tunisia (BCT) met on June 16, 2023 and reviewed recent economic and financial developments and the outlook for inflation.
In its press release, the Board emphasized that the BCT’s recent forecasts indicate that inflation will continue to fall gradually over the coming months, “but that the upside risks surrounding this trend remain relatively high”.
With regard to the recent downgrading of Tunisia’s sovereign rating by Fitch Ratings on June 9, the BCT Board warned against the impact of this new downgrade on Tunisia’s ability to raise external financing on acceptable terms and on the fluidity of external settlements.
Finally, the Board considered that maintaining the key rate at its current level should continue to support the disinflationary process over the coming period and bring inflation down to sustainable levels. It therefore decided to keep the Bank’s key rate unchanged at 8%.
