The average money market rate (MMR) has kept its upward trend, reaching 7.96% in January 2023, against 7.26% in December 2022, according to data from the Central Bank of Tunisia (BCT) released Wednesday.
The MMR stood at 6.19% and 6.15% in January 2022 and January 2021, respectively.
This increase is explained by the decision taken by the Executive Board of the BCT, on December 30, 2022, to increase the key rate by 75 basis points to 8%.
The aim, according to the BCT, was to “help curb the upward trend of inflation, bringing it to sustainable levels in the medium term, to protect the purchasing power of citizens, preserve the stock of foreign exchange assets and promote conditions for a healthy and sustainable economic recovery.”
