Tunisia: The Central Bank keeps its key rate unchanged at 8%

In response to ongoing concerns about inflationary pressures, the Board of Directors of the Central Bank of Tunisia (BCT) convened on November 28, 2024, to evaluate the country’s economic outlook.

After careful deliberation, the Board concluded that it was essential to maintain a cautious and prudent approach to monetary policy. As a result, they decided to keep the BCT’s key interest rate unchanged at 8%, signaling the Bank’s commitment to controlling inflation while supporting economic stability.

Given the challenges posed by inflation and the broader economic environment, the Board emphasized the importance of continued efforts to implement the necessary reforms. It called on all relevant stakeholders—government bodies, businesses, and other economic players—to expedite the reform process. The aim is to overcome the existing economic difficulties, enhance supply capacities, and ensure that the country’s growth rates are sustainable and conducive to maintaining overall economic balance.

The Board also highlighted that while Tunisia’s economic performance for 2024 is anticipated to be modest, it is crucial for the country to focus on structural reforms that address long-term economic challenges.