Tunisian governor warns country needs IMF deal after latest hike

Country faces rising inflation as foreign exchange dwindles and political crisis continues

The Central Bank of Tunisia, Tunis
The Central Bank of Tunisia, Tunis
Kamel Agrebi/photoline-digital.com

The Central Bank of Tunisia raised its policy rate by 75 basis points on December 30, to 8%, in its third increase of 2022.

Central bank governor Marouane Al Abassi warned the government urgently needed to agree terms of a loan with the International Monetary Fund. He said year-on-year inflation could rise from its November level of 9.8% to 11% this year.

The central bank raised rates by 75bp in May and 25bp in October. In its press statement, the central bank’s board of directors said core

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account