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.