Featured Politics News World News

Tunisia pegs benchmark interest rate at 7.75%

By Shile GIWA

Tunisia’s Central Bank has kept its benchmark interest rate unchanged at 7.75 per cent, it said on Friday.

The bank raised the rate in February to 7.75 per cent from 6.75 per cent in its efforts to combat high inflation. It was the third such increase in the past 12 months.

Tunisia’s annual inflation rate rose to 7.3 per cent in February from 7.1 per cent in January. It had reached 7.8 per cent last June, the highest since 1990.

The bank added that Tunisia’s foreign exchange reserves now stand at 14.585 billion dinar ($4.9 billion) from 13.974 billion dinar at the same time last year.====Reuters

 

 

Related posts

NDPHC confirms Messrs AK-AY Elektrik as contractors on Owerri substation

Emeka Ugwuanyi

Flour mills completes 72% acquisition of Honeywell mills

Tonia Osundolire

22 states, 15 LGAs participate in Calabar cultural carnival

Shile GIWA

Stable fiscal system’ll attract $19bn investments to oil sector –Expert 

Our Reporter

Seplat Board Chairman win most profitable company, Board Chairman of the year

Editor

Solid Minerals: Miners urge FG to checkmate rate of smuggling

Editor