Central Bank of Tunisia keeps key interest rate unchanged at 6.75 pct

The Central Bank of Tunisia (BCT) kept its key interest rate unchanged at 6.75 percent on Thursday, the bank said.

Annual inflation rate eased to 7.5 percent in July from 7.8 percent in June, official data showed.

In May the central bank raised the key interest rate by 100 basis points to 6.75 percent, the second hike in three months, to tackle inflation.

The BCT board of Directors noted during its meeting the ongoing inflationary pressures despite the slight improvement in the inflation rate recorded in July, which reached 7.5% year-on-year (yoy) against 7.8% in June 2018.

The Board  reviewed the evolution of the various economic, monetary and financial indicators, which recorded growth of 2.6% in the first half of 2018 compared to 1.9% in the same period last year.

TunisianMonitorOnline

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