Inflation Impasse Narrows Tunisia's Monetary Easing

  • Tunis, Republic of Tunisia
  • 23 October 2023
1

The Central Bank of Tunisia revealed that the ongoing monetary policy supports the continued slowdown in inflation rates during the coming period.

The central bank, which increased its cash reserves to $26.6 billion ($8.43 billion), predicted a gradual slowdown in inflation this year, noting that the contraction of international demand has eased pressure on prices and supported a slowdown in inflation. According to the bank, concerns about the return of international price tensions caused by increasing geopolitical crises may hinder the path of declining inflation globally.

Tunisia is witnessing a severe economic crisis exacerbated by the repercussions of the outbreak of the coronavirus pandemic, the high cost of importing energy and basic materials following the outbreak of the war in Ukraine, and the resulting disruption in supplies so that many goods disappeared from store shelves.

Source (Al-Arab Newspaper of London, Edited)

Get an annual subscription in Al-Omran Al-Arabi Magazine

SUBSCRIBE NOW