The Central Bank of Tunisia on Wednesday increased the benchmark interest rate, raising its key lending rate by 75 basis points to 8.02 percent, the highest level since 1996, as the central bank steps up efforts to tame the rising inflation of recent months.
In its efforts to keep inflation under control, the central bank’s monetary committee decided to lift the benchmark rate to 8.02% from 7.96%, in line with most economists’ forecasts.
Despite the steps that are being taken by the central bank, Tunisia’s inflation is continuing to raise, reaching 11 percent in early 2023, the highest inflation in more than three decades.
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