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Tunisia: BCT reports slight acceleration of money supply in June 2019

The Central Bank of Tunisia (BCT), on Tuesday, reported a slight acceleration of the M3 money supply in June 2019, compared to May, i.e. 7.5% Year-on-Year, compared to + 6.6% in May 2019 and + 9.9% in June 2018.

This trend is attributable to the increase in the contribution of net claims on the state + 1.5% against + 0.9% a month earlier, the bank said in its note on economic and monetary developments and the medium-term outlook of August 2019.

As regards monetary resources, the BCT states that a sharp acceleration was recorded during the month of June 2019, mainly driven by the increase in bank deposits and term deposits (4.2% and 3.7% in June 2019 compared to 0.3% and 2.7% in May 2019).

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