Tunisia’s Central Bank has recently taken steps to try and curb the nation’s rising inflation rate.
On December 30th, the Tunisian Central Bank announced that it had raised its key rate by 0.75 percent, from 4.25 percent to 5 percent. This is the first time that the Central Bank has raised its rate since 2018 and the move is being seen as a positive step towards taming Tunisia’s rising inflation.
The decision to raise the rate was made in light of Tunisia’s rising inflation. Inflation in the country had been on the rise since April and had reached 5.8 percent in October of this year. This is the highest rate of inflation seen in Tunisia since 2011, when the country experienced a wave of political unrest. The Tunisian Central Bank hopes that by raising the key rate, they will be able to contain this inflation, and help to stabilize the country’s economy.
The Tunisian Central Bank has also stated that it plans to continue to raise the rate as needed in order to combat inflation. The bank believes that if the rate is raised slowly and steadily, it will help to slowly bring down the inflation rate and help to create a more stable economy. The Tunisian government has also put in place a number of measures to try and contain inflation, such as increasing taxes, cutting public spending, and increasing interest rates on loans.
The Tunisian Central Bank’s decision to raise the rate has been well received by the public. It is seen as a sign that the bank is willing to take the necessary steps to combat the nation’s rising inflation. The move has also been praised by economists and business leaders, who believe that it will help to create a more stable economic environment. It is also hoped that the move will help to attract more foreign investors to the country, as they will be more likely to invest in a country with a more stable economy.
This call is also an important step towards curbing the nation’s rising inflation. It is hoped that the move will help to contain inflation and create a more stable economy. It is also a sign that the bank is willing to take the necessary steps to ensure that the nation’s economy remains stable.