The Central Bank of Tunisia left its benchmark interest rate unchanged at 7.75 percent at its October meeting, in an attempt to support growth amid stable inflation. This was the first meeting since the new president was elected in September. Policymakers noted that inflation stabilised at 6.7 percent in September 2019 while underlined the slow pace of economic growth, which should not exceed 1.4% in 2019, mainly due to weak performance of export-oriented and extracting activities’ sectors. Interest Rate in Tunisia averaged 4.86 percent from 2006 until 2019, reaching an all time high of 7.75 percent in February of 2019 and a record low of 3.50 percent in September of 2011.
Interest Rate in Tunisia is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Tunisia to stand at 7.25 in 12 months time. In the long-term, the Tunisia Interest Rate is projected to trend around 7.00 percent in 2020, according to our econometric models.