Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Tunisian central bank keeps key rate unchanged at 6.25%

12/01/2020 | 02:56am EST
People walk out of the Central Bank in Tunis

TUNIS (Reuters) - Tunisia's central bank kept its key interest rate unchanged at 6.25% on Monday, the bank said.

The bank had cut its key interest rate in October by 50 basis points, aiming to stimulate investment and boost faltering growth. It also cut the rate by 100 basis points in March in response to the coronavirus outbreak.

The central bank will finance the supplementary budget for 2020 by $1.1 billion by purchasing treasury bonds after an exceptional license from Parliament last week.

But the bank said in statement that "it will be more vigilant to intervene, if necessary, in order to contain the potential effects of this measure, in particular on inflation and local currency."

It urged speeding up the implementation of reforms aimed at curbing abuses and preventing further slippage in public finances in the future.

Tunisia's public finances are dire, with the government now forecasting a record budget deficit of 11.4% of GDP in 2020.

($1 = 2.7218 Tunisian dinars)

(Reporting by Tarek Amara in Tunis; Editing by Kevin Liffey and Matthew Lewis)

© Reuters 2020
Latest news "Economy & Forex"
01:33pANALYSIS : Mexican president's energy reform threat faces U.S. reality check
01:33pOil gains on stimulus optimism ahead of Biden inauguration
01:30pLondon Stock Exchange set to close Refinitiv deal on Jan. 29
01:28pU.S. court deals final blow to Trump EPA's clean power rule replacement
01:26pNNSA NATIONAL NUCLEAR SECURITY ADMINISTRATION : to hold two virtual public scoping meetings regarding an Environmental Impact Statement for the Surplus Plutonium Disposition Program
01:25pYellen says would appoint senior climate official at Treasury
01:23pAgro-export companies in Argentina 'concerned' by truckers' protest
01:13pOne in five UK small businesses have halted EU exports, accountants say
01:12pECLAC ECONOMIC COMMISSION FOR LATIN AMERICA AND : Leaders from Latin America and the Caribbean set priorities for the post COVID-19 recovery agenda
01:10pChelle Trucking and Logistics Creates New Marketing Positions to Accelerate Growth in 2021
Latest news "Economy & Forex"