Tunisia's Interest Rate Holds Steady at 6.99% for Fourth Consecutive Month

The monthly interest rate in Tunisia's money market stabilized at 6.99% during May, maintaining this level for the fourth consecutive month.

On an annual basis, the rate continued its downward trend observed over recent years. It shifted from 8% at the end of May 2023 to 7.97% in May 2024, then to 7.5% in May 2025, before settling currently at 6.99%. This marks the lowest rate since June 2022, according to statistical data released on Saturday by the Central Bank of Tunisia.

Experts consider the steady interest rate at 6.99% in Tunisia’s money market a positive indicator reflecting a cautious balance between controlling inflation and supporting economic activity.

Economic expert Moaz Al-Mansi stated that the four-month stability demonstrates the effectiveness of the Central Bank's monetary policy. He told Al-Ain News that maintaining this rate helps curb inflation while allowing room to support investment and achieve overall economic stability.

Al-Mansi added that this percentage represents a relative success of monetary policy in managing the general rise in prices across the country.

He also noted that the stable interest rate positively and directly impacts the Tunisian economy by stimulating the economic cycle and easing financing burdens.

Tunisian economic expert Haitham Hawwas described the rate's steadiness as a reflection of effective monetary policy and relative improvement in financial indicators, contributing to reinforcing the country's overall economic stability.

Hawwas emphasized that the 6.99% rate carries important implications, indicating a relative equilibrium between liquidity supply and demand within the financial system.

He explained that the gradual decline in interest rates encourages investment and spending, in contrast to high rates that promote saving money and freezing projects.

Since 2018, the Central Bank has pursued a strict monetary policy by gradually raising interest rates to limit inflation and support the stability of the Tunisian dinar. The rate peaked at 8% before being reduced to 7.5% in March for the first time in five years, amid a relative slowdown in price levels.

The Central Bank has chosen to proceed cautiously without accelerating further rate cuts, due to limited foreign currency reserves and a widening current account deficit reaching $1.1 billion.