Tunisia Central Bank Extends Rate Pause Amid IMF's Call for Reforms

Tunisia’s central bank kept its key interest rate unchanged with inflation in retreat and the government engaged in ongoing negotiations with the International Monetary Fund over a reform agenda and bailout package.

Banque Centrale de Tunisie, or BCT, kept its benchmark interest rate unchanged at 8% after a policy board meeting Friday, it said in a statement. Maintaining the key rate at its current level “should continue to support” a decline in inflation for the period ahead and bring it back to sustainable levels, it added.

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