Tunisia: MMR Reaches 7.82 Percent On November 1 (BCT)

Tunis/Tunisia — The Money Market Rates (MMR) edged up 0.56 points, to 7.82% on November 1, compared with the same date last year (7.26%), according to monetary and financial indicators published on Monday by the Central Bank of Tunisia (BCT).

The monthly average of the MMR stood at 7.81% in October 2019, against 7.27% in October 2018, 5.23% in 2017 and 4.33% in 2016.

As for the current year, the MMR reached its highest level in March (7.90%), just few days after the BCT's decision to increase its key interest rate by 100 basis points ( from 6.75% to 7.75%), with the aim to cope with "the continuation of inflationary pressures that pose a risk to the economy and a threat to the purchasing power, requiring appropriate measures to reduce its negative effects," according to the BCT Board of Directors.

See What Everyone is Watching

More From: Tunis Afrique Presse

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.