TUNIS (Reuters) – Tunisia’s central bank has held its key interest rate unchanged at 7%, the bank said on Friday.
Last month, the bank raised its key interest rate by 75 basis points to 7% from 6.25% to combat high inflation, marking the first hike since 2019.
The bank said in statement on Friday it is deeply concerned by the continued aggravation of the current deficit, resulting from a sharp rise in imports.
The current account deficit was -2.7% of GDP during the first four months of 2022, compared with -1.7% in 2021.
It added in statement that exchange reserves were stable at about $8 billion, or about four months of imports.
(Reporting by Tarek Amara; Editing by Angus MacSwan and Louise Heavens)
