Tunisia: Money Market Rate Up to 7.96% in January 2023 (Bct)

Tunis/Tunisia — The average money market rate (MMR) maintained its upward trend to stand at 7.96% in January 2023, against 7.26% in December 2022, according to data published Wednesday by the Central Bank of Tunisia (BCT).

The MMR stood at 6.19% and 6.15%, respectively, in January 2022 and January 2021.

This rise is explained by the decision taken by the BCT Executive Board on December 30, 2022, to raise the key rate by 75 basis points to 8%.

The goal, according to the BCT, was to “contribute…