Tunisia’s benchmark interest rate stable at 7.75%

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Central Bank Tunis,Tunisia

Tunisia’s central bank says its benchmark interest rate remains unchanged at 7.75 percent.

The bank which disclosed this on Friday, 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.

It would be recalled that the bank raised the rate to 7.75 percent from 6.75 percent last month, in its efforts to combat high inflation.

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

Peace PIAK