Tunisian governor warns country needs IMF deal after latest hike

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

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