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Tunisia central bank hikes key rate to fight inflation Tunisia's central bank raised its key interest rate by 25 basis points to fight rising inflation in the economy
Tunisia's central bank raised its key interest rate by 25 basis points to 3.75 per cent on Wednesday to fight rising inflation in the economy, which is gradually recovering from last year's political turmoil. "The board recorded continued inflation pressures during the month of July, with an annual (rise) of the general price index to 5.6 per cent versus 5.4 per cent in the month of June 2012, particularly with high food prices," the statement said. In addition to high food prices, the economy faces problems due to the crisis in the euro zone, the main market for its exports and the source of the majority of its tourist visitors. The International Monetary Fund said at the start of August that Tunisia's medium-term growth prospects are favourable but maintaining economic stability is essential as the country tries to emerge from last year's political upheaval.
