The central bank of Tunisia lifted its benchmark interest rate by 75 bps to 7% during its May 2022 meeting, marking the first hike since 2019. The Board said the decision aims to counter the inflationary pressures looming over the forecast horizon, and to avoid an acceleration of inflation and an accentuation of the external imbalance. In addition, it was decided to raise the minimum interest rate on savings by 100 bps, bringing it to 6%. source: Central Bank of Tunisia

Interest Rate in Tunisia averaged 5.13 percent from 2006 until 2022, reaching an all time high of 7.75 percent in February of 2019 and a record low of 3.50 percent in September of 2011. This page provides the latest reported value for - Tunisia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Tunisia Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Interest Rate in Tunisia is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Tunisia Interest Rate is projected to trend around 7.00 percent in 2023 and 6.75 percent in 2024, according to our econometric models.

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Tunisia Interest Rate



Related Last Previous Unit Reference
Interest Rate 7.00 6.25 percent May 2022
Money Supply M1 43949.00 44192.00 TND Thousand Jan 2022
Money Supply M2 101236.00 101853.00 TND Thousand Jan 2022
Money Supply M3 105139.00 105678.00 TND Thousand Jan 2022
Foreign Exchange Reserves 25715075.00 24209796.00 TND Thousand Apr 2022
Central Bank Balance Sheet 39654.00 39194.00 TND Million Feb 2022

Tunisia Interest Rate
In Tunisia, interest rates decisions are taken by The Central Bank of Tunisia (BCT) Executive Board. The Central Bank of Tunisia official interest rate is the Rate of call for tender (TAO).
Actual Previous Highest Lowest Dates Unit Frequency
7.00 6.25 7.75 3.50 2006 - 2022 percent Daily

News Stream
Tunisia Hikes Interest Rate to 7%
The central bank of Tunisia lifted its benchmark interest rate by 75 bps to 7% during its May 2022 meeting, marking the first hike since 2019. The Board said the decision aims to counter the inflationary pressures looming over the forecast horizon, and to avoid an acceleration of inflation and an accentuation of the external imbalance. Policymakers noted the continued acceleration in headline inflation which reached 7.5% in April 2022, the highest since October of 2008, compared with 7.2% in March and 5% in April 2021. The diffusion of inflationary pressures from abroad to domestic prices, along with the repercussions of the adjustments expected in administered prices within the framework of the reform of the subsidy system, are expected to keep inflation at high levels in both 2022 and 2023. Meanwhile, economic activity continued its gradual strengthening in the first quarter of 2022, with the GDP expanding by 2.4%.
2022-05-18
Tunisia Leaves Key Interest Rate Steady at 6.25%
The central bank of Tunisia kept its benchmark interest rate unchanged at 6.25% during its exceptional meeting held on 14 March 2022, in order to examine the economic and financial repercussions brought about by the Russian-Ukrainian crisis. The Bank said the rise in global prices for food and energy due to Russia's invasion of Ukraine would worsen the current deficit in Tunisia and increase inflationary pressures, in the absence of urgent appropriate decisions by the government. Policymakers also noted that recent developments will have a significant impact on budgetary balances, notably through a substantial increase in subsidies’ expenses. Such a situation should result in a widening of the budgetary deficit and generate, as a consequence, further important financing needs.
2022-03-15
Tunisia Leaves Key Interest Rate Steady at 6.25%
Tunisia’s central bank kept its key interest rate steady at 6.25% in February 2022, citing inflation risks and expressed concerns about the delay in securing foreign funding for the state budget for this year. Finance Minister Sihem Boghdiri said that Tunisia hoped to seal an agreement with the IMF in April, as Tunisia is suffering its worst financial crisis. Tunisia’s annual inflation rate accelerated to an over two-year high of 6.6% in December, with inflationary pressures expected to last longer than previously expected and thus running the risk of bringing inflation to relatively high levels in the medium term. Meanwhile, the Board noted a relatively moderate resumption of economic activity which would evolve to about 2.9% growth in 2021, with timid recovery prospects for the year 2022. Finally, the central bank said that it remains mindful of trends in prices over the forthcoming period and that it will make use of all available means to counter every inflation deviation.
2022-02-03