Tunisia: MMR would reach around 6.5%

At its Executive Board meeting on March 5, 2018, the BCT has decided to raise the key rate by 75 basis points, raising it from 5% to 5.75% per annum.
The board had already decided at end December 2017 to increase the corridor to 100 basis points on either side of the BCT key rate.
As this spread is unchanged, the permanent credit facility rate stands at 6.75%. “Taking into account the insufficient liquidity of the global refinancing market that exceeds 12 trillion dinars, the MMR would likely be close to 6.5% in the short term,” said broker AFC.