Tunisia’s central bank preserved its benchmark rate steady at 7.75%, citing progress in pushing inflation and deficit targets even as it emphasised the necessity to accelerate sweeping economic reformation program.
The bank remarked that inflation had maintained at 6.7% in September, sliding from 25-year highs in 2018. At the same time, weakness in exports has put weight on the nation’s finances as it struggles to push ahead with an IMF-backed program that calls for cost-cutting measures.
Economic growth isn’t expected to exceed 1.4% this year, it said in a statement, adding that “all efforts must be made to raise the pace of growth by setting the necessary economic policies to realize sound growth and restore” economic balance.
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