BCT keeps key interest rate unchanged

In its periodical meeting held on 1st March 2017, the Central Bank of Tunisia Executive Board decided to keep its key interest rate unchanged.

During the meeting, the Board tackled main trends in the international economic situation and analysed main economic; monetary and financial indicators at the national level.

On the other hand, it took note of the report on the outcomes of foreign currency reserves management over 2016 and discussed issues related to the strategy to be adopted in this regard for 2017, notably in a context marked by pressure on liquidity in foreign currency in line with external payments’ situation and its fallouts on the current deficit, according to a BCT press release on Thursday.

In the framework of boosting disclosure of monetary policy mechanisms, bestowing more efficiency upon money market transactions and adjusting bank liquidity, the Board examined a draft of a circular to banks on the general conditions for the Central Bank’s monetary policy implementation.

The Board considered auditors’ reports on the Central Bank’s financial statements audit with respect to 2016 and internal control procedures and approved the audited financial statements, while outlining the Permanent Audit Commission’s recommendations.

Source: TAP News Agency