Fitch Ratings forecast Tunisia’s average inflation to reach 10.2% in 2023, pushed up by fuel price increases under the IMF program.
“We believe the large macro imbalances and high leverage of private companies limit the room for manoeuver of monetary policy. However, further small-scale rate increases are probable in 2023,” says the ratings agency.
Fitch recalls that monetary policy tightening has been moderate, with an expected cumulative rate increase of 100bp in 2022.
