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Tunisia: BCT warns against rising inflationary risks

The Executive Board of the Central Bank of Tunisia (BCT) meeting Wednesday, June 25, 2014, recalled in a statement the rising risks on internal and external financial balances with the continuing deterioration of the situation in the external sector which could further deteriorate in the coming months alongside the return of inflationary pressures due to multiple factors including higher labor costs, lower productivity and upward trend in prices of imported products.

BCT called, in this regard, upon all stakeholders to take responsibility and contribute to the recovery of the pace of economic activity and mitigation of financial imbalances.

To contain the effects of rising inflation and its impact on the deterioration of the purchasing power of citizens, the Board decided to raise the key interest rate of the Central Bank by 25 basis points to 4.75%.

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