25 June 2009
Tunis — In a press release dated June 25, 2009, the Tunisian Central Bank's Executive Board meeting has announced that it will maintain its key interest rate, "while focusing on the need to ensure a continuous and rigorous follow up of the trend of both the national and international environment, as well as the financing of the economic activity".
The press release writes that the national economy was characterized by a decrease in manufacturing industries indicators in the wake of the persistent drop in external demand.
However, it adds that activity continued to evolve in some services branches, as well as in non- manufacturing industries. The agricultural sector is expected to post positive results, notably in cereal production, it says.
On the monetary level, excess of liquidity was pursued on the interbank market in June 2009, requiring the Central Bank to mop up the surplus for an average amount of 889 million dinars per day. The average interest rate on the money market came at 4,30% against 4,23% during the previous month.
The dinar on the exchange market posted from early June to June 23, a depreciation of 1,3% against the US Dollar and an appreciation of 0,9% against the Euro.
Inflation went down to 3, 2% end of May 2009 in average, compared to 5,7% over the same period of the previous year.
Be the first to Write a Comment!
Copyright © 2009 Tunisia Online. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.
