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HomeNewsTunisia: daily MMR hits Monday its lowest level since February at 7.78%

Tunisia: daily MMR hits Monday its lowest level since February at 7.78%

The Daily Money Market Rate (MMR) was 7.78% on Monday, October 28, 2019, its lowest level since February 27, 2019, the date of entry into force of the Central Bank’s decision to raise its key rate by 100 basis points from 6.75% to 7.75%.

This decrease is mainly due to lower tensions on bank liquidity.

According to the daily indicators of the Central Bank of Tunisia (BCT), the overall volume of bank refinancing from the BCT amounts to 11.85 billion dinars on 28 October.

The latter reached record levels this year to 16.75 billion dinars last March.

Moreover, it is important to remember that the average rate of the Monetary Market (MMR) of September is 7.82%.

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