Tunis — The Central Bank of Tunisia (BCT) will strive to reduce the interest rate if key interest rate decreases, Governor of the Central Bank of Tunisia Chedly Ayari said on Tuesday, during a National Constituent Assembly (NCA) plenary session on the national economy.
He said the BCT intends "to raise the interest rate on savings which remains small and even negative, compared to inflation."
Mr. Ayari explained that the Bank strives to follow on a daily and weekly basis, the needs of the banks in financing and set the amount of re-financing.
He added the funding provided by the BCT to the banks is related to guarantees as part of a strategy of governance and liquidity.
He also said that the achievement of the economic recovery requires a renewal of confidence in the country, underlining that the next government should benefit from an unconditional support of the different parties, so as to be politically strong and capable to achieve radical reforms."
It is important, according to him, that "this government has an international influence to be able to attract the necessary financial resources, especially in the face of degradation of Tunisia's credibility abroad."
For his part, Trade Minister Abdelwaheb Mâatar called for the examination of the objectives of the government decision related to the revision of the compensation system as of October, because it could affect the price of manufactured and semi-manufactured products.