The central bank of Tunisia held its key interest rate steady at 8% on March 22nd 2023, keeping borrowing costs at their highest since at least 2006, in an attempt to stem high inflation. Annual inflation reached a fresh four-decade high of 10.4% in February, with food prices growing by 15.6%. The bank said it was following very closely core inflation, which proved to be rigid, amounting to 9.6% in February 2023 against 9.5% in January and 6.3% a year before. The inflation outlook foreshadows a certain easing over the second half of 2023 but would remain at historically high levels. Regarding the evolution of the domestic economy, the Board noted that economic growth in 2022 was slightly higher than initial forecasts, driven mainly by market services and manufacturing. For 2023, activity prospects remain dependent on external demand recovery, as well as on domestic factors related particularly to the situation of public finances, inflation acceleration and persisting hydric stress. source: Central Bank of Tunisia

Interest Rate in Tunisia averaged 5.24 percent from 2006 until 2023, reaching an all time high of 8.00 percent in December of 2022 and a record low of 3.50 percent in September of 2011. This page provides the latest reported value for - Tunisia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Tunisia Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Interest Rate in Tunisia is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Tunisia Interest Rate is projected to trend around 6.75 percent in 2024 and 6.25 percent in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Tunisia Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 06:30 PM 7% 6.25%
2022-10-06 09:00 AM 7.25% 7%
2023-03-22 04:40 PM 8% 8%


Related Last Previous Unit Reference
Interest Rate 8.00 8.00 percent Mar 2023
Money Supply M1 46939.00 47536.00 TND Thousand Jan 2023
Money Supply M2 110004.00 111027.00 TND Thousand Jan 2023
Money Supply M3 113627.00 114393.00 TND Thousand Jan 2023
Foreign Exchange Reserves 23823895.00 24440905.00 TND Thousand Jan 2023
Central Bank Balance Sheet 43170.00 45199.00 TND Million Jan 2023

Tunisia Interest Rate
In Tunisia, interest rates decisions are taken by The Central Bank of Tunisia (BCT) Executive Board. The Central Bank of Tunisia official interest rate is the Rate of call for tender (TAO).
Actual Previous Highest Lowest Dates Unit Frequency
8.00 8.00 8.00 3.50 2006 - 2023 percent Daily

News Stream
Tunisia Keeps Key Interest Rate at 8%
The central bank of Tunisia held its key interest rate steady at 8% on March 22nd 2023, keeping borrowing costs at their highest since at least 2006, in an attempt to stem high inflation. Annual inflation reached a fresh four-decade high of 10.4% in February, with food prices growing by 15.6%. The bank said it was following very closely core inflation, which proved to be rigid, amounting to 9.6% in February 2023 against 9.5% in January and 6.3% a year before. The inflation outlook foreshadows a certain easing over the second half of 2023 but would remain at historically high levels. Regarding the evolution of the domestic economy, the Board noted that economic growth in 2022 was slightly higher than initial forecasts, driven mainly by market services and manufacturing. For 2023, activity prospects remain dependent on external demand recovery, as well as on domestic factors related particularly to the situation of public finances, inflation acceleration and persisting hydric stress.
2023-03-22
Tunisia Holds Key Rate Unchanged at 8%
The central bank of Tunisia kept its key interest rate steady at 8% on February 1st 2023, after delivering a 75bps hike in December to combat high inflation. The annual inflation continued to rise to 10.1% in December 2022, its highest level in over three decades, against 9.8% the previous month. Policymakers also warned the government against using internal financing to cover the budget deficit. Tunisia is awaiting final approval of a loan from the IMF that will allow the disbursement of a fund of $1.9 billion over a period of four years, as the country is in the middle of its worst economic crisis.
2023-02-01
Tunisia Raises Rates to 8%
The central bank of Tunisia raised its key interest rate by 75bps to 8% on December 30th 2022, pushing borrowing costs to its highest since at least 2006, aiming to curb high inflation. It is a third rate hike in 2022.
2022-12-30